The MISSION Group - Sequential quarterly gains
The MISSION Group’s FY20 results were in line with the pre-close update, with sequential improvements in quarterly trading from Q220. The breadth of the agency portfolio gave resilience to the group’s trading performance results, as healthcare and technology exposure provided a positive counter to the weaknesses in property and events-oriented businesses. The MISSION comes into FY21 with a reduced cost base and an established collaborative culture. This is helping feed business between group agencies and give access to specialist services without replication. Year-end net bank debt of £1.2m (excluding leases) and a new £20m RCF give plenty of scope to grasp expansion opportunities.Mission Marketing Group is engaged in the business of delivering marketing and advertising related services to clients. Co. has four business and operating segments, namely: branding, advertising and digital; media; events and learning; and public relations.
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