Next15 Grows Revenue By 5%, Acquires Content Agency
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Next15 Grows Revenue By 5%, Acquires Content Agency

Next15 has announced a revenue increase of 6% for its 2014 fiscal year, and inked a deal to acquire content agency Story Worldwide.

Holmes Report

LONDON—Next15 has announced a revenue increase of 5% for its 2014 fiscal year, and inked a deal to acquire content agency Story Worldwide.

Like-for-like growth of 5% takes the groups revenues to £101.5m. Profit before tax was up 36% to £10.5m.

According to a trading update, the acquisition of Story Worldwide costs £6.6m. The content advertising agency has offices in New York and Seattle and a client roster that includes Unilever, LExus, Beech-Nut and SEI.

The group also announced three new business wins: GoPro, Dropbox and BT. 

"Next 15 continues to make good progress, with strong revenue growth in the US and an improving performance in the UK," said Next15 chairman Richard Eyre. "The acquisition of Story Worldwide adds an exciting new business in line with the group’s strategy of investment in content, insight and technology.

"Significant steps are being taken to streamline operations whilst preserving first class client service; the simplifying of our international operations in EMEA and APAC is well under way and we are co-locating our businesses in San Francisco."

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