Overview
Profits before tax from continuing operations to £383,216 (2014: £504,841)
Revenues of £4,934,560 (2014: £4,764,584)
Cash at bank and in hand of £1,558,453 (2014: £1,620,895)
Recommend dividend payment of 3p (2014: 2p)
Chairman's Statement
During the year, Aeorema reinforced its position as a leading provider of live events under the single brand, Cheerful Twentyfirst, and navigated through a competitive market to return a profit in excess of the trading update on profits issued to the market in May 2015. The year also saw us investing in a new website, developing a stronger single brand, creating a highly visible social media presence, and completing the refurbishment of our new offices to allow for future growth.
Our ability to respond and adapt our offering in a competitive, rapidly evolving market has enabled us to attract new clients and further develop our relationships with existing clients. We work with senior leaders of forward-thinking brands who value innovation and want to take live communication to the next level, which is where we excel. Year-on-year, our talented team produces original, outstanding work for these clients, resulting in several nominations at prestigious award events. These include nominations for work completed on behalf of two internationally renowned companies, further highlighting the excellent reputation that we have built in the space.
Our focus on delivering creative live events, incorporating superb screen content and award-winning video, naturally attracts leading people to our team. During the year and as part of our growth strategy, we recruited several new team members to focus on new business development and strengthen our capabilities in design and content. These appointments will each be pivotal in supporting our growth in the year ahead.
The results for the year show a profit before taxation from continuing operations of £383,216 (2014: £504,841) on revenue of £4,934,560 (2014: £4,764,584). We remain cash positive with cash at bank and in hand of £1,558,453 (2014: £1,620,895).
The Board is proposing a dividend of 3 pence per share (2014: 2 pence per share) to be paid to shareholders on the register on 6 November 2015. The ex-dividend date will be on 5 November 2015. Subject to the proposed dividend being approved by the shareholders, it will be paid on 27 November 2015.
