Cube3 targets acquisitions and £3m turnover by year end

Digital Marketing

by Katie Kershaw 193 Views 0

2016 is shaping up to be quite a year for Cube3.

And we are excited to share our plans with you.

Commercially, we are aiming to reach turnover of £3m by the end of the financial year (the highest in our 17-year history), off the back of an increased income over the last 6 months to £1.3m.

So, what do we put it down to?

Well, these strong results, which include an EBIT of 27% for the same six-month period, are a result of our revised working model, launched internally and to existing clients at the beginning of the year, with the aim to roll-out formally towards the end of 2016. The improved structure has enabled our team to deliver a more agile and efficient end-to-end proposition, from strategic consultancy to brand and digital platform development to marketing execution through paid, owned and earned media.

Karl Barker, our CEO, also outlines his vision to “acquire or join forces” with other companies:

“Manchester has some awesome specialists. I admire agencies who have embraced collaboration as a principle, but in my experience I have found that collaboration is flawed and doesn’t tackle agile and efficient workflow.  Our model is built in true cohesion and we think it is a solution that tackles today’s marketing delivery complexities for agencies. This is not about building just to scale, but more a vision to create an agency model that effectively delivers end-to-end, disrupting the current status quo of a fragmented agency landscape.”

At the start of the year we received a six figure working capital investment from the Technology, Media and Telecoms team at Natwest.

“It is an exciting period for us. Natwest have been absolutely amazing, supporting us way beyond the facility.  We now have a great platform to further our ambitious growth plans, and the half year results are already giving a really strong indication that our plans will be in full flow by the end of 2017,”

We’d like to thank our clients, suppliers, partners and friends for their support so far. And keep watching, there’s a whole lot more to come…