GPJ sees turnover increase by 12%

George P. Johnson (GPJ) has reported a turnover increase of 12% for the year ended 31 December 2014, an improvement on the previous year, when turnover decreased by 25%.

Turnover has increased at GPJ, however gross profit has declined
Turnover has increased at GPJ, however gross profit has declined

The agency’s profit after tax was recorded at £147,000 - up from £81,000 achieved in 2013.

Gross profit declined from £2.88m in 2013 to £2.73m in 2014, meanwhile operating profit fell from £211,000 to £197,000. 

Gross margins decreased from 11.05% to 9.33% in 2014, which GPJ attributed to strong competition. 

The financial report on Companies House also stated that no dividend was paid over the period, in contrast to the £600,000 which was paid to shareholders for the year ended 31 December 2013.

Jason Megson, managing director at George P. Johnson said: "2014 was a consolidation year for the business in what was an uncertain period for both the industry and economy as a whole.

"However, our prudence and persistence has paid off, delivering a strong 2015, and hence we start this year brimming with confidence and armed with a line-up of creative, strategic and experience delivery talent that is second to none." 

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