Earlier this year we conducted our annual outlook survey to find out the expectations of senior management and owners of media and marketing services businesses concerning the future financial prospects of the industry.
Most within the sector seem to be fairly positive about the outlook for the year ahead in terms of both revenue recovery and profit margins, with some of the effects of the restructuring and cost savings still being felt.
While the general feeling is optimistic, as anticipated, the challenges for the year and beyond appear to be the lasting impact of the pandemic – particularly its impact on the wellbeing of staff, as well as the general impact on the economy and client spend.
If you would like to discuss any matter relating to this survey, please do not hesitate to contact us.
Moore Kingston Smith
We are the only firm of accountants and advisers with a dedicated office of over 100 media specialists that proactively support the extensive range of needs of independent media businesses – covering marketing services, film & TV and entertainment, theatre and createch.
We know it’s not just about the numbers. As well as providing accountancy, tax and corporate finance services, over the years, by working with some of the industry’s most successful companies, we have developed a deep understanding of what drives media businesses. As your trusted advisers we use this experience to work in partnership with you to help maximise your growth and profit potential. We conduct extensive research into industry performance every year with a view to understanding not just the benchmarking data, but also identifying what the best performers do to achieve exceptional results. Our well-developed structured approach to our strategic advisory services helps you effectively manage risks, build revenues, attract and engage people and identify key opportunities to improve performance and enterprise value.
All this means we are well placed to support you throughout the whole of your business lifecycle:
- Start up and small businesses – let our one stop shop approach take care of all your needs, including set up, company secretarial, legal, outsourcing, payroll, accounts and tax
- Growing and mature businesses – we can support you as your business grows with our award winning technology enabled audit approach, accounts preparation, tax compliance and advisory services such as HR and employee incentives
- International – we can leverage off of our membership of Moore Global – a network of accountancy and advisory firms in over 100 countries, to take the pain out of expanding into unfamiliar territories. We can co-ordinate your international audit requirements, and advise on international tax
- Exit planning – our media specialist award winning M&A team, with hundreds of transactions under their belt, will ensure you are well prepared for any transaction and maximise the proceeds from the value you have created within your business
We have hundreds of clients across the media sector who all benefit from our very personal partner led approach, providing the very best guidance, expertise and specialist sector insights.
In short, we’re more than just accountants who count your numbers – we’re business partners whose ambition is to help you grow your numbers so that you realise your fullest potential.
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