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Just Search reports 150pc growth
Cheshire-based online marketing company, Just Search, has reported a 150% year on year growth.
In the press release, the company said the previous year’s turnover was £2.5m with an £800k net profit.
However, when we spoke to their PR agency, How-Do was told that they’re not releasing this year’s figures.
Fortunately we do have a pocket calculator and using the 150% rise they’re claiming, we’re estimating the turnover to be £3.75m, with a net profit of £1.2m.
"During the economic downturn it is vital that businesses harness the power of the web and ensure they are visible to all prospects and customers," explained Paul Yates, CEO of Just Search.
"Online marketing and search engine optimisation are vital for this and with our technical superiority in the market and outstanding customer service, we can ensure organisations maximise the opportunities the internet provides.
"I am absolutely delighted with our year-end results and look forward to continuing our tenacious ambitions in the coming year."
The agency has announced that it’s looking to employ several new staff, including SEO programmers and client account managers.
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150% increase would give £6.25m turnover and £2.0m in net profit.
(In your calculations you are only calculating with a 50% increase)
For a company that has been arround 7 years are you sure they are growing that fast. I mean I think these profilts are poor for a company of that age.