Speculation over Charles Barker sale mounts

Charles Barker, which rose from the ruins of Corporate Communications four years ago, could be the next UK PR agency to change hands.

Charles Barker, which rose from the ruins of Corporate

Communications four years ago, could be the next UK PR agency to change

hands.



The company is rumoured to be considering a trade sale. Tim Sutton, who

was promoted as chief executive last March, said: ’During the last few

years Charles Barker has received a number of approaches from other

companies ...



Attention and speculation of this type is extremely flattering but the

board’s policy remains one of never commenting on specific rumours.’



Charles Barker was formed from a management buyout in August 1992 after

parent company Corporate Communications collapsed with estimated debts

of #20 million. The firm is 55 per cent owned by staff, including six

directors, and 45 per cent owned by investment management firm

Ormonde.



The agency is the UK’s tenth-biggest PR agency, according to PR Week’s

Top 150 PR Consultancies. Fee income for the year to July 1996 stood at

#5.85 million while pre-tax profits reached #1.3 million. Potential

buyers could include several US ad agencies currently believed to be

looking at PR.



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