magneticNorth, a Manchester-based digital design studio, is celebrating an impressive 25% growth for its 2016/17 financial year. This marks the second consecutive year of double-digit expansion, positioning them as a formidable force within the UK’s digital design landscape.
With a client roster featuring major names like AutoTrader, BBC, and Co-op Digital, magneticNorth has doubled its profits and is on the brink of achieving ‘high growth’ status. The company is led by a forward-thinking management team with a clear vision for enduring success.
Exceptional Financial Performance
Over the past two fiscal years, magneticNorth has demonstrated a solid financial foundation with consistent double-digit growth. Their 25% rise in the 2016/17 financial year builds on a previously strong performance, showcasing their ability to sustain momentum in a competitive industry.
The studio’s growth is not just in revenue; profits have doubled, further cementing their reputation as a thriving business. This financial success is the result of strategic leadership and a bold vision set forth in 2015.
Strategic Client Partnerships
magneticNorth’s ability to forge strategic partnerships with top-tier clients such as AutoTrader, BBC, and Co-op Digital has been pivotal to its growth. These relationships have not only enhanced their portfolio but also strengthened their market position.
The studio’s expertise in digital design and innovation has made them a trusted partner for these leading organisations. Their work has consistently delivered value, proving instrumental in both maintaining existing partnerships and attracting new clients.
Leadership and Vision
Led by CEO Lou Cordwell, along with operations director Stuart Brown and creative director Adam Todd, magneticNorth is guided by a management team committed to innovation and growth.
Cordwell’s appointment as director of the North for AllBright underscores her leadership prowess and influence in the sector. The team’s collective vision focuses on prosperity and expansion, laying the groundwork for sustained achievement.
Their leadership strategy includes not only financial growth but also enhancing the company’s workforce capabilities and innovation practices. This has been crucial in fostering an environment where creative ideas translate into tangible results.
Prospects of High Growth Status
magneticNorth is nearing ‘high growth’ status, defined by consistent annual workforce or turnover increases of over 20% for three consecutive years. This accomplishment is significant for firms beginning with revenues exceeding £1 million, categorising them as ‘Gazelles’.
Achieving this status would significantly impact magneticNorth’s positioning, enabling further expansion and attracting larger-scale projects. It reflects the company’s successful execution of its ambitious growth plans.
The Impact of Innovation
Innovation has been at the core of magneticNorth’s success, influencing both their growth trajectory and industry reputation. Their commitment to leading-edge design solutions has distinguished them within the digital landscape.
Pioneering creative solutions have enabled the company to stay ahead in a fast-evolving industry. Their innovative approach not only meets client needs but also anticipates future trends, ensuring continued relevance and competitiveness.
This culture of innovation is vital for maintaining their growth and expanding their influence across new and existing markets, setting benchmarks for others in the field.
Positioning for Future Success
With a strong foundation of growth and strategic planning, magneticNorth is well-positioned for continued success in the years ahead. Their proactive approach to leveraging opportunities and addressing challenges will be key.
The company’s dedication to adjusting and refining its strategies shows their commitment to resilience and adaptation in an ever-changing digital economy.
Concluding Thoughts
magneticNorth’s story is one of strategic growth, influential leadership, and groundbreaking innovation. Their recent achievements underscore their potential for future success.
The studio’s trajectory is a testament to their commitment to excellence and their ability to adapt and grow within the dynamic digital design industry.
In summary, magneticNorth’s strategic partnerships, leadership acumen, and innovative prowess mark them as a leading entity in digital design. Their continued growth promises further breakthroughs and sustained achievements.
As they move closer to achieving ‘high growth’ status, magneticNorth exemplifies the potential for success through strategic vision and dynamic execution.
