Chime Communications, the quoted parent company of Lowe Bell
Communications, has signalled its intention to join the
acquisition trail in a bid to further expand the business.
Lowe Bell chairman Sir Tim Bell said that having built up a solid
business and established the Lowe Bell brand, the group was now
seeking to grow through acquisition. In particular, he said,
other businesses involved with fees, clients and people would be
He added that potential bids would not necessarily be restricted
to other PR firms. Management consultancies and headhunting firms
could also be targets.
’There are no discussions with an objective at present,’ Bell
told PR Week. ’It is simply an intention.’
Bell’s announcement coincides with a 21 per cent leap in Chime’s
operating profits for the year ended 31 December 1996. The group,
which includes Lowe Bell Consultants, Lowe Bell Financial and
Lowe Bell Political, saw operating profit grow to pounds 3
million from pounds 2.5 million in 1995.
Operating income was also up by 21 per cent to pounds 22.5
million from pounds 18.6 million last year on the back of new
business wins such as The Stationary Office by Lowe Bell
Consultants and AEA Technology by Lowe Bell Financial.
Operating income per employee was slightly down at pounds 88,000
as a result of new appointments, including Jane Atkinson, Paul
Nathanson and John Antcliffe.