DMCs & PCOs

￡2m pre-tax profits for P&MM
22/03/2006
P&MM Group plc has announced preliminary pre-tax profits of ￡2m for the year ended 31 December 2005 – up 30% on the previous year.
The figures also show an operating profit increase of 21% to ￡1,992,000 (￡1,645,000 in 2004) and an increase in gross profits by 31% to ￡10,900,000 from ￡8,315,000 in 2004.
The company’s success is partly down to a series of acquisitions over the past year, beginning in February 2005 with the addition of AYM Services – provider of performance improvement and motivation services and incentive travel and conference production to corporate clients – to the portfolio.
In January this year expansion continued with the acquisition of Summersault Communications, a provider of internal corporate communications for large blue chip organisations, and last month saw the acquisition of the trade of The Voucher Shop.