Next Fifteen chairman Will Whitehorn singled out two agencies for particular praise. 'Bite and Outcast have shown strong revenue and profit growth.'
He said the group was focused on organic growth, but would make 'targeted acquisitions'.
Next Fifteen acquired US agency Outcast last June for £3.3m with further consideration depending on performance. Outcast continues to operate under its own name, unlike Credo Communications, which was bought by Bite in January (PRWeek, 6 January). Four-strong Credo brought a fee income of around £250,000 to Bite. Founder David Hargreaves was made Bite managing director.