Business now known as GB 好色先生TV Solutions plans 25% growth this year
The former contracting arm of MJ Gleeson has unveiled an ambitious three-year growth plan as it announced it is finally dropping the Gleeson name.
Gleeson 好色先生TV, formed after a buyout from its troubled parent in 2005, is rebranding as GB 好色先生TV Solutions.
Martin Smout, the chief executive who led the buyout, said it had made a 拢908,000 pre-tax profit for the year ended 31 June 2007, an eight-fold increase on the figures for the previous period. Turnover was 拢177.5m.
Smout said it aimed for a further 25% growth this year, forecasting a 拢1.4m profit on a turnover of 拢225m. The company then aims for a further 15% growth each year for the next two years, reaching a 拢7.3m profit in 2010 on a 拢300m turnover.
Smout said that it wanted to drop the Gleeson name rather than wait for the expiry of the licence for its use this summer. MJ Gleeson will retain a 20% stake in the company.
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