![]() |
|
JPMH finds its niche
In just three years Phil Harvey and his fellow founding directors have grown media, design and advertising agency JPMH from start-up into a business generating £2 million of turnover each year, an achievement they attribute to their emphasis on customer service.
JPMH was established in 2002 and, according to Harvey (a veteran of international advertising giant Ogilvy), the need to focus on service was obvious right from the off. ‘When it comes to advertising agencies,’ he explains, ‘clients are always happy with the creativity, but the delivery can be more problematic. Projects are rarely completed within the agreed terms. Most aren’t completed on budget or on time.’
JPMH attempts to differentiate itself on such matters, with Harvey and fellow founders Sam Jeffries, Richard Parsons and Nik Myers placing themselves in the front line. ‘With the bigger agencies, clients don’t get to see many senior people and there are also a [far greater number of] internal processes that can complicate matters,’ Harvey comments. ‘For us it’s easier to deliver on service and one of the founding partners is usually involved in every project. We tend to hire more senior than junior people too.’
The strategy seems to be working. JPMH managed to turn a profit in its first year and hasn’t looked back.
At first, Harvey concedes, the contacts he and his fellow founders had already established were essential in securing business. One of the earliest wins, for example, came from food group Nestle Purina (with whom both Harvey and Myers had previously worked whilst employed by Ogilvy). Purina initially entrusted a few small contracts to JPMH and the relationship has blossomed. ‘We are now their online advertising agency for Europe and carry out some additional work for them too,’ Harvey says. Work has also been won from Gillette, Hasbro and Martell, amongst others.
‘We’re now where we thought we would be after three years,’ Harvey reflects. He does concede, however, that things will only get harder from now on.
So far, JPMH’s edge has been the hands-on involvement of its senior directors but as the business continues to grow it will become increasingly difficult to achieve this. ‘The biggest challenge for us will, therefore, be to bring in the right people,’ he concludes. ‘In the advertising field there’s a lot of false differentiation. In fact there’s very little difference between most agencies, so the key is to create some sort of edge – I think personality and relationships are a very important way of achieving this.’
Comments [0]
Related content
Other Strategy
- Don’t sell out when selling up Oct 30 2008
- In a tight spot Oct 20 2008
- How to get results from exhibitions Feb 02 2007
- Big ideas, small price tag Dec 02 2008
M & A Events
- Quoted Company Awards 2009 28th January
- The Canaccord Adams Media Magnate Awards 26th March
- Rosenblatt New Energy Awards 2009 27th February
- M&A Awards 2009 18th February
M&A News
- PLUS admission for TradeLabs Jan 09 2009
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- PLUS shell in reverse takeover Jan 07 2009
- Red hot deal for AVC Jan 07 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Neoss gets teeth into £5.5 million Jan 09 2009
- HICL ups stake in Barnet Hospital Jan 09 2009
- MBO at public sector services firm Jan 08 2009
- Compass Group makes headway with KIMCO Jan 08 2009
- Hello Telecom acquires TelNG Jan 07 2009
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
