The agency, named Naked Emperor, will offer consultancy to clients, with expertise ranging from finance to HR, and marketing to new business, as well as PR strategy.
Initially, Naked Emperor will be selling Raggett’s time but she intends to grow the team to offer further consultants.
Raggett, who worked at Lexis for 18 years before leaving earlier this summer, said: ‘I think the opportunity is there to offer support and advice for agencies in a new way. Many firms do not want to commit to ongoing non-executive relationships and yet have a real need for extra senior management experience and bandwidth from time to time.
‘On the client side, many companies wish they could access just the most experienced brains in an agency for strategic advice but end up being tied into buying the traditional layered agency structure. I intend to offer something different.’
As part of the launch, Raggett becomes an associate of Pembridge Partners, a team of entrepreneurs and investors that help businesses grow.
Additionally, the PRCA has named Naked Emperor as a partner.
PRCA director general Francis Ingham said: ‘As a former board director of the PRCA, we know that Margot has the experience and expertise to add real value to any of our members who choose to work with her.'