Next Fifteen Communications PLC, which owns Savanta Group along with 20 other marketing and PR businesses, makes the announcement after healthy financial performance saw it match upgraded market expectations for its financial year, which ended 31st January.
The digital communications group has said it will repay £1.4m that it had received from the Government’s furlough scheme.
Spanning across marketing, content, PR, market research, communications, and public affairs, and with clients such as Nike, Samsung, Sainsbury’s, and Sky, the move by Next15 reflects the robustness of the business in the face of challenging market conditions over the past year.
Commenting on the move, Savanta’s Global CEO, Roger Perowne, says,
“After one of the most challenging periods for businesses in living memory, it’s encouraging to see how Savanta and the Next15 Group have bounced back to close the year in a strong financial position. I think this is a very positive and honourable decision and will ensure Government support is targeted at those businesses that need it most.
As we move towards the resumption of normal play, I very much hope that we can continue to build on the progress made over the last 12 months.”