Digital marketing firm announces £1.5m profit

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COVID-19 has accelerated digital transformation and accelerated the rapid growth of the digital marketing sector, with companies such as SocialAmp reaching new heights. SocialAmp broke his profit record for the fifth year in a row. The group has just reported that he made a profit of £1.5m, a year-on-year growth rate of 67%, and is on track to achieve a profit of £5m by the end of next financial year.
Andrew Scrase, co-founder of SocialAmp, said: SocialAmp was fortunate enough to be in a position to help select businesses go digital and survive the pandemic. Being a part of their journey has been an incredibly rewarding experience for us, and we have a responsibility to help so many companies navigate through difficult times and explore new areas of opportunity. I feel truly honored to be here. ”
SocialAmp has worked with top players in the fashion and entertainment industry including Pretty Little Thing, Nickelodeon, MTV, Billionaire Boys Club and Boohoo.
Another SocialAmp founder, Tom Scrase, commented: with a social amplifier. I never tire of seeing how we continue to make a positive impact on all the businesses we work with. ”
SocialAmp is one of the fastest growing digital marketing agencies powered by social media platforms such as Facebook, TikTok, Instagram and Google. Backed by KM Capital, they have made a name for themselves in the digital marketing sector.
SocialAmp founders Scott McKenna, Matt Collino, Andrew Scrase, and Tom Scrase are looking to expand their impressive customer list and expand into new markets. Four former Facebook employees left the social giant to start his SocialAmp.
“With our experience working at Facebook and our deep knowledge of how algorithms work, we feel uniquely positioned to deliver best-in-class results for our clients,” comments Scott McKenna.
Collino adds: This has allowed us to build long-term relationships and understand our clients’ businesses. ”
As SocialAmp grows, the founders aim to launch an initial public offering within the next three years to expand their services into the African market, particularly the Nigerian market.
With over 109 million internet users, Nigeria is the most populous country in Africa. SocialAmp believes that these numbers will help take Nigeria’s economy to the next level by enabling businesses to use social media platforms to build social signals and increase sales. increase.
Two of SocialAmp’s founders, Andrew Scrase and Tom Scrase, were born in Nigeria. But that’s not the only African market SocialAmp is eyeing. According to the group, their goal is to make their services available in different countries in Africa.
With a growing team in both London and Glasgow, they plan to double their workforce by the middle of next year and continue to provide best-in-class service to an impressive and growing client list.
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