Reading Room in Europe's Top 50 Fastest Growing Digital Companies

17/06/2009 - London

Reading Room has been announced as the 35th fastest growing digital company in the whole of Europe in the Media Momentum Top 50 league table.

Each year GP Bullhound, Europe's leading investment bank in Technology and Digital Media, publish a list of the fastest growing digital media companies, based on their growth rate between the two most recent financial years.

The shift from a UK centric event to a pan European one this year meant that there was fierce competition to make it in to the final list. However, Reading Room secured a place having seen a fantastic growth rate of 54% over the last two years, meaning we are on course to meet plans to increase turnover from £2.5m in 2005 to £25m in 2010.

Despite the down-turn, this year's league table demonstrates that the digital industry is still in good health, with innovative agencies - such as Reading Room - continuing to show outstanding levels of revenue growth. Collectively, the top 50 have grown their revenue base from €380m in 2006 to an incredible €1,103m in 2008.

Margaret Manning, CEO and Female Entrepreneur of the Year, has steered Reading Room through the recession, spotting the turn in the market early on and restructuring the agency to meet it; we are currently growing at around 20%. This has been vital in allowing us to mantain our position as the fastest growing digital communications agency in the UK (Sunday Times Tech Track 100).

Being ranked 35th highlights Reading Room's stance as an international player in the digital communications industry, and is testament to our innovative approach ensuring we continue to grow throughout the coming years, adapting to the ever changing market.