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Turnover and profits rise at global audio branding agency

Turnover and pre-tax profits increased at a global audio branding agency which works with the likes of Coca-Cola, Adidas, Samsung and Jaguar.

PHMG, which is headquartered in Manchester, has reported a turnover of £56.4m for the 12 months to December 31, 2020, up from £51.4m.

Its pre-tax profits also increased from £12.7m to £19.2m.

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The company also has offices in Chicago, New York City, Ontario, Melbourne and Singapore. It also announced in May this year that it was going to open a new office in Leeds.

Its portfolio of clients also include Heineken, Siemens, Hallmark and Hilton.

The new figures, filed in a document to Companies House, come after PHMG committed to an additional 10,926 sq ft of space on the sixth floor of Oakland House in Talbot Road, Old Trafford.

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A statement signed off by the board said: “”During the last 12 months, the group’s strategy was to continue to build on the market-leading position developed over the last 21 years.

“A continued growth in revenue was achieved through an increase in client volume.

“Revenues increased by £5m but the impact of Covid-19 resulted in lower reinvestment costs.

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“We have enjoyed incredible growth in recent times and we plan for this to continue over the coming years.

“First and foremost, we intend to invest in our staff – attracting new talent and building in-house skill through training,.

“With our continued focus on our clients, we’ll enhance the overall customer experience to maintain our strong satisfaction rate and encourage long-term client relationships.

“Finally, we’ll work to remain at the cutting edge of our industry, ensuring our expertise in audio branding matches that of a world leader.”

The company was founded in 1998 as PleaseHoldUK in Chester and rebranded to PHMG in 2016.

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