Harrogate digital marketing group IDHL reports record performance as revenue hits £10.5m

IDHL Group, the Harrogate-headquartered digital marketing group, has reported a record financial performance, with revenue totalling £10.5m for the 12 months leading up to 31st December 2016.

This figure represents a 24% year-on-year increase in turnover for the group, whose agencies include WMG, Ingenuity Digital (ID) and NetConstruct.

Based across Yorkshire and London, the group’s operating profit margins have also improved in 2016.

The £10.5m represents 100% agency fees. No client advertising spend is included.

During this period, IDHL was also completed a move to new 10,000 sq ft headquarters in Harrogate.

The group’s growth was driven by key new account wins over the course of the year, including AON, Arthur J. Gallagher and HMV.

IDHL has already made a strong start to 2017, adding a raft of new clients across its three agencies.

As a result, the group has made several new senior appointments, including Stu McGregor as group commercial director, and Mark Halstead as group IT manager, who joins from Tilney BestInvest.

As for 2017, IDHL is on the lookout for strategic acquisitions to enhance the group.

Dennis engel, IDHL Group CEO, said: “In a challenging landscape for a lot of digital agencies, 2016 was a fantastic year for our Group – we moved into a stunning new headquarters, and made key additions to both our in-house talent and client base.

“Our record financial performance is testament to the Group’s hard work in helping our clients achieve excellent results - results that have also received industry recognition.

“We remain committed to growing further as we continue to attract and retain the best talent across WMG, ID and NetConstruct.”