Smyle announces 72% profit increase

Agency Smyle has reported pre-tax profits of £872,000 in the last financial year to March 2013 - a 73% increase on the previous year.

Smyle MD Rick Stainton celebrates healthy financial results
Smyle MD Rick Stainton celebrates healthy financial results

Turnover was up 48% to £8.63m. The results come as Smyle celebrates its tenth anniversary this year.

The figures are up on 2012 forecasts, which predicted a £600,000 profit increase. At the time, the company credited its sustainability initiatives as a key driver of its healthy financial results.

Rick Stainton, managing director at Smyle, said the company is ahead of its plan in terms of where it expected to be at this point as a business.

"We are now building for the future with the introduction of some new roles, as well as significant equipment and infrastructure investment alongside growing our main office space," he said. "We are really excited about the next few years as we develop our new strategic business plans."

Smyle has reported consistent annual growth over the last five years of 20% or more. In the last 12 months it has worked on Olympic Live Site hospitality, opened a new office in Tech City, and has driven industry awareness on sustainability with the launch of the Sustainable Events Summit.

Stainton added: "It’s all a bit emotional at Smyle at the moment - we’re so proud of every member of our team and every single one of our clients that have contributed to our success across the last decade."

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