| 19 June 2007
Northbank Communications ranked 12th in PR Week's
Top 25 Healthcare Consultancies League Table
32% PR Fee Income Growth and Leap to 88th in Top 150 PR Consultancies 2007 Table
London, Manchester, Munich – 19th June 2007 In the 2007 PR Week League Table, Northbank Communications, specialists in science-based communications, achieved a 32% increase in its income from public relations activities, securing a ranking of the 12th best performing healthcare communications agency in PR Week's analysis of the top 25 agencies specialising in this field.
Total fee income increased by 32% to £1,845,248 during the financial year ended 2006 compared to £1,420,743 achieved during 2005, representing a second year of high income growth.
Sue Charles, CEO of Northbank Communications commented: "We have achieved growth every year but 2006 was exceptional at greater than 30%. By further enhancing our specialist life science focused communications services delivered through dedicated teams of well qualified and experienced staff based in London, Manchester and Munich, we feel that we are delivering added value results to our clients".
In 2006 Northbank added 26 new clients and increased the ratio of clients on retainers. It is a full service consultancy with roughly 75% of its income from PR and consultancy and 25% through design and advertising.
Commenting on the growth in revenues from life science sector communications, Sue Charles remarked: "With fewer new drugs and treatments coming through the pharma pipeline, the balance of power has shifted strengthening the biotechnology sector's hand. The R&D departments of biotechnology firms are delivering exciting new products and pharmaceutical companies are now competing with each other for biotechnology spoils. This has led to a significant increase in demand from biotechnology companies for high quality communications."
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