The B2B Mark Allen Group was “difficult and difficult” in 2023/24, which largely attributed the performance of the newly acquired financial services department.
The purchase of Bonhill Group, which is 6.5 million pounds in February 2023, represents a significant move in wealth management and financial services for expansion.
But Mark Alien Holdings, a newly published limit for the year until March 31, 2024, revealed Bonhill’s origins “long in profit expectations” in her first year.
The assets listed in the deal were: Bonhill Create, Consultant Adviser, Expert Investor, International Adviser, Fund in Asia and Clarity Esg, all of which are based in the United Kingdom, Singapore or Hong Kong.
“However, vital steps have now been taken to convert this matter with the creation of a new high management team with promising results that started in accumulation, which will be achieved only in the year 2026.”
The rate of its rotation in the total work increased by 5 % per year to 69.5 million pounds, and then from two years of 10 % and 37 % growth, respectively.
However, profit before taxes decreased for the second year in a row, a decrease of 38 % to 5.5 million pounds. The profits increased before benefits, taxes, destruction and consumption (before interest, taxes, depreciation and firefighting) by 16 % to 10.6 million pounds.
Mark Allen publishes a wide range of B2B specialized magazines and web sites ranging from rebuilding the abdominal wall to Europe to Dynamics International.
“This was a very difficult year for the group. The main reason was the acquisition of Bonhill assets that have proven to make losses and annoying. However, we are going to convert this and feel confident that this would lead to positive results in the end.
“In contrast, our acquisition during the Sixth Continent Holdings Ltd, the main player in the revenue, retail and retail sector, whose leading brand is the Moodie Davitt report, has started a cracked start. This promises well in the future.
“Recently, another positive step has been to buy media assets for the 166 -year -old real estate newspaper. We are confident that we can restore Estates Gazette to something close to its previous glory.
“Although this was a difficult year, the company is still in very good condition, and despite our acquisition activity, it ended in 2024 positively.”
Allen suggested in the results that more integration and purchase activity is probably: “Directors intend to continue to grow business both and through acquisition.
“The pace they do will depend on how to recover the economy.”
He also pointed to the “continued launch of successful digital projects” this year.
Recently, the Mark Alllen Mazing Musical Musical has closed around West End, for two and a half years. After launching it.
Sarah Kirkop Editor He wrote on LinkedIn: “We have built great readers, through the newspapers and subscriptions, and it is very disgrace that the advertisement did not pick up enough to persuade the publisher to continue it. I have many reasons that make the great causes just around the corner, but now, unfortunately, we will never know.”
The advertisement, the largest revenue flow in the Mark Allen Group, grew by 2 % in 2023/24 to 27.1 million pounds, and conferences increased the second older year for the second year after exceeding the contributions, by 16 % to 24.5 million pounds. Subscriptions decreased by 3 % to 14.3 million pounds.
The numbers of Mark Allen Group increased between 2023 and 2024, from 477 to 528. The opening of 140 of the total was an increase of 135, while sales were 102, up from 96.
The company’s managers received 2.3 million pounds, with 604,900 pounds to the highest exit.
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