Digital marketing firm reports £1.5m profit

COVID-19 has accelerated digital transformation and fueled rapid growth in the digital marketing industry, with companies like SocialAmp reaching new heights. Social Amp broke its profit record for the fifth year. The group has just recorded 67% year-on-year growth with a profit of £1.5m and is on track to deliver a profit of £5m by the end of the year. end of the next fiscal year.

Andrew Scrase, one of the founders of SocialAmp, said, “It has been an eye opener for me to see the impact of the pandemic on so many areas. SocialAmp has been fortunate to be able to help some businesses go digital and survive the pandemic. Being part of their journey has been an incredibly rewarding experience for us and we felt a real privilege to have had the responsibility to help so many companies through these tough times and explore new areas of opportunity.

SocialAmp has worked with some of the top players in the fashion and entertainment industry, including Pretty Little Thing, Nickelodeon, MTV, Billionaire Boys Club, and Boohoo, among others.

Tom Scrase, another of SocialAmp’s founders, commented, “It’s been so rewarding to be able to take the knowledge and experience gained over the years working with some of the biggest advertisers in the world and be able to apply it to businesses of all shapes and sizes. At Social Amp. I will never tire of seeing the positive impact we continue to have on all of the businesses we work with.

SocialAmp is one of the fastest growing digital marketing agencies, harnessing the power of social media platforms like Facebook, TikTok, Instagram and Google. With the backing of KM Capital, they are making their mark in the digital marketing industry.

Scott McKenna, Matt Collino, Andrew Scrase and Tom Scrase, the founders of SocialAmp, aim to expand their impressive client list and enter new markets. The four former Facebook employees left the social giant to found SocialAmp.

“With our experience working at Facebook and our in-depth knowledge of how algorithms work, we believe we are in a unique position to generate the best results for our clients,” commented Scott McKenna.

Collino added, “We have been extremely motivated to provide a working relationship where we are seen as an extension of the internal team rather than a typical external agency. This has helped us build lasting relationships and understand our clients’ businesses. »

As SocialAmp grows, the founders plan to launch an initial public offering within the next three years and expand their services to Africa, particularly the Nigerian market.

Nigeria has over 109 million internet users, the highest of any African country. SocialAmp believes that harnessing these numbers will help take the Nigerian economy to the next level as businesses can use social media platforms to create social signals and increase sales.

Andrew Scrase and Tom Scrase, two of the founders of SocialAmp, were born in Nigeria. But that’s not the only African market that SocialAmp has its eyes on. According to the group, their goal is to have their services available in various African countries.

With a growing team in London and Glasgow, they plan to double their workforce by the middle of next year to continue providing their best service for their impressive and growing client list.

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