Acquisitions cost Jaywing as it dips into the red
Search marketing agency Jaywing enter the red, partly due to the cost of acquisitions.
After making £1m in pre-tax profits in the year ended in 2016, for the year to 31 March 2017, the company made a loss of £2.98m.
They said they had incurred £2.90m of goodwill impairment charges relating to its contact centre, following the loss of a major client in the year and a challenging outlook due to cost increases from a rent review, the national living wage and the apprenticeship levy.
£1.11m of costs relate to acquisitions... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
