1.0 Overview of the quarter
Corp Structure Update
- Please note that we have changed the name of Meikle & Richardson Ltd to Amplified People Group Ltd and created FP & Associates Ltd which will be the trading name of Foundation Partners.
- In the Appendix i’ve created a visual representation of the current Group structure.
Highlights:
- Q4 Revenue exceeded by c15% above budget. [£635k vs a budget of £550k]
- Integration with JBM has been successful so far, giving us confidence we can continue to acquire businesses and build the group.
- Average contract size in Foundation Partners has grown from c£50k pa to c£85K pa
Lowlights:
- All sales in Foundation Partners and JBM are founder led, we’ve not been able to create a lead machine yet. This will be a focus for Q1 25.
- We’re still over reliant on founders to be involved in delivery of the service, this has have gone up to 62%. We were hoping this would decrease in Q1, however new sales wins have made that difficult.
2.0 Group Overview
Recap of the group's current brands and services: