Selbey Anderson has appointed Cameron Ogden as its first non-executive Chairman. As an active investor and entrepreneur Cameron brings a wealth of experience to the company that will help it to maintain its current growth trajectory.
Selbey Anderson has acquired three agencies within three months of opening its doors for business. The three agencies are drawn from across the creative spectrum and collectively employ thirty-two staff with annualised revenues of £4.2million. The three agencies, which were acquired during December, January and February, are; Greentarget, Orckid and Hartley-Stone.
We’re delighted to announce that we’ve successfully completed our first round of fund raising and will be announcing our first acquisitions in the next few weeks. Our new investors are committed to supporting us over the long term and with their active support we can now execute our business plan of acquiring up to six creative agencies each year.
If you were setting out to build an agency from scratch, as Sir Martin Sorrell now intends to do – again – what differences and similarities would he notice from when he last did it, nearly thirty-three years ago?
The Enterprise Investment Scheme (EIS) and its little sister the Seed Enterprise Investment Scheme (SEIS) are Government-backed tax-relief schemes designed to encourage investment into small and medium-sized companies. Despite the title of the blog, EIS and SEIS are fabulous schemes and have done a great deal to back British businesses. When the banks stopped lending after the financial crisis of 2008, there was widespread concern about how entrepreneurs would fund their businesses. EIS and SEIS, through crowdfunding platforms, provided part of the answer.
Agency business plans. You either love them or hate them. I hate them. Why? Because they serve no practical purpose in helping an agency’s management do what they are paid to do, ie, manage the business.