Financial PR agency Square Mile Communications has acquired rival
Fleet Financial Communications for an undisclosed fee. The deal pushes
the agency into the PR Week Top 40 UK agencies in fee income.
Fleet was started in 1970 by Ian James. Last year the agency, which
specialises in media relations for small- to medium-sized public
companies, had fees of pounds 500,000. It has 40 clients including
London and Edinburgh plc, Benson Crisps and Stirling Security Group.
According to Square Mile chairman Tim Jackaman, Fleet will be maintained
as a separate brand. However, Jackaman wants to grow the business
through investment and plans to hire two more staff to join the
three-person operation within the next three months.
James will remain chief executive of Fleet, although the agency is
moving from its Fleet Street offices to Square Mile’s offices in Gough
Jackaman said: ’We can now offer services to a greater spectrum of
A large proportion of our new business is from the IT, internet stock
and biotech sectors, where companies can grow very quickly. This will
allow us to offer a seamless service.’
P Square Mile Communications has been appointed by high street greetings
card retailer Clinton Cards to carry out a financial PR programme,
raising the profile of Clinton in the City. Square Mile replaces
incumbent Bell Pottinger, which had been retained by Clinton since it
floated in 1988.