TIDMIME
RNS Number : 4555Y
Immedia Group PLC
13 May 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL)
ACT 2018, AS AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
Thursday, 13 May 2021
Immedia Group Plc
("Immedia" or "the Group" or "the Company")
multi-media content and digital solutions provider to global
businesses
2020 Preliminary Results
Immedia Group Plc (AIM: IME) today announces its preliminary
results for the year ended 31 December 2020.
Immedia Group Plc
Preliminary results for the year ended 31 December 2020
FINANCIAL HIGHLIGHTS
Ø 43% decrease in revenue to GBP2,310,872
Ø Improved EBITDA trading loss of GBP504,510 (2019: loss
of GBP699,583)
Ø Raised gross proceeds of GBP1.1 million in September
2020 to address uncertainty around the 2020 outturn via a placing
and subscription at GBP0.10 per share.
Ø Since the year end, the Group raised further gross proceeds
of GBP3 million via a placing and subscription at GBP0.25 per
share
Ø Loss before tax of GBP733,181 (2019: loss of GBP991,461)
Ø Cash balances increased to GBP464,232 (2019: GBP237,574)
OPERATIONAL HGHLIGHTS
Ø The Group undertook a full review in 2020 to refine
Group strategy resulting in the adoption of a new unified brand
- AVC Immedia - and a single clear message defining the Group's
services - Audio Visual Communication for Brands
Ø Successful cost restructuring exercise, which will leave
the Group well placed for the post-Covid era.
2020 Financial Summary
12 months ended 12 months
31 December ended
2020 31 December
2019
---------------- ---------------
Revenue GBP2,310,872 GBP4,020,443
Gross Profit GBP1,386,048 GBP2,043,498
Loss before interest, taxation, GBP(504,510) GBP(699,583)
depreciation, amortisation and
impairment charges (EBITDA)
Loss before tax GBP(733,181) GBP(991,461)
Net fair value gain on available GBP42,600 GBP54,900
for sale assets
Total comprehensive loss for the GBP(690,581) GBP(1,017,560)
year
Basic loss per share (5.22)p (7.81)p
Diluted loss per share (5.22)p (7.81)p
Year-end balance of cash and cash GBP464,232 GBP237,574
equivalents
Net funds/(debt) GBP326,098 GBP(245,069)
----------------------------------- ---------------- ---------------
Statement by the Chairman, Tim Hipperson
2020 was a year that presented many challenges to our Immedia
Broadcast Limited business, and my statement will cover how it
addressed those challenges as they arose, but I must also express
my excitement to be working towards the possible acquisition of
Sprift Technologies Limited, a property tech business, which we
believe will be transformational for Immedia Group plc
shareholders. The proposed acquisition remains at an early stage
and further developments will be announced as appropriate.
In a year that presented truly exceptional challenges, the Group
reacted swiftly to address the immediate issues arising from the
Covid-19 pandemic, and subsequently prepared meticulously to meet
its new objectives in an uncertain economic climate.
Whilst the economic impact of the pandemic has hit the Group and
its clients hard, the Group has made significant reductions to its
cost base and increased integration across its sites that allow it
to better pursue its objectives in 2021 and beyond.
We can look back with pride on the way our team responded to the
trials of the pandemic; the talent and commitment of all the team
members at Immedia mean that the Group can now position itself for
the future on a stable footing. I would like to thank every one of
them.
Current Trading, Prospects and Post Balance Sheet Events
Immedia Group
Since year end, the Group raised further gross proceeds of
GBP3.0 million via the placing of 10,400,000 new Ordinary Shares at
GBP0.25 per share and a subscription for 1,600,000 new Ordinary
Shares at GBP0.25 per share. These proceeds will both provide a
working capital buffer and make available resources for the Group's
buy and build strategy as set out above.
The possible acquisition of Sprift Technologies by the Company
would transform the Group into a property tech business, with the
likely divestment of the Group's current trading company (Immedia
Broadcast Ltd trading as AVC Immedia).
Sprift is a young business in the sector, but is a leader in the
next wave of property technology that is projected to deliver
significant short and medium-term growth across both the business
and consumer marketplace.
Immedia Broadcast Limited
Like the majority of UK businesses, the Immedia Broadcast
Limited business has been substantially affected by the Covid-19
pandemic, as explained in the trading updates of 6 April and 18
June 2020. Management have taken all necessary steps to manage
costs and ensure the stability of the Immedia Broadcast Limited
business.
Current trading remains considerably affected by the Covid-19
outbreak. It is difficult to give authoritative guidance on the
2021 outturn but we expect the uncertain future to present
significant opportunities as well as new challenges.
Our overall objective remains to deliver sustained growth and
value to all our stakeholders.
Review by the Chief Executive, Ross Penney
THE BUSINESS
2020 began in confident and upbeat fashion as we outperformed
the prior year in January and February. Then the pandemic struck
and life changed for us all. I am extremely proud of the way the
entire team rose to the occasion in transitioning seamlessly from
office to home working. I would also like to thank our major
clients for agreeing retainer payments which helped cushion the
blows of retail closures and delayed or cancelled project work.
2020 was a year of huge change both in the country and in the
business. We bade farewell to Immedia founder Bruno Brookes, for
whom the description "legendary" seems inadequate. I learned a lot
from Bruno in many years working with him and would like to wish
him every success in his current endeavours.
We restructured the management team and our processes to deliver
even greater cohesion and focus to our clients, and to control our
cost base more tightly. Key was an initiative known as "brilliant
at the basics" which implemented and reinforced high standards in
the fundamentals- communication, information storage and retrieval,
project time management and much more.
No less important was a programme of cultural change, reflecting
an empowering and people focused environment intended to motivate
and support our team members to the highest levels. We are
confident that the results of the many changes made in the business
in 2020 will bear fruit in the short to medium term.
A common theme for this report is "despite Covid-19" and the
following section is very much in that vein. The year brought
customer service achievements to celebrate. At the start of 2020,
Nationwide Live was focused on entertaining the society's customers
when they were in a branch environment. By the end of the year, it
had morphed into a radio station that connected up both their
customers and their tens of thousands of staff who were working
from home. We pivoted the in-branch content to carry important
information and some much needed entertainment.
While working at breakneck speed to change Nationwide Live we
were also working with our other clients to make sure their
services were right for the times. We produced scores of social
distancing messages in multiple languages as Health and Safety
became the top priority. With rules changing often in Europe it's a
testament to our tech and our teams that we were able to reflect
changes almost instantly.
Our project business too showed promising activity even in
difficult circumstances, with excellent work undertaken for Shell,
Weir Oil and Gas, JFD Global, Fugro, Visit Aberdeenshire and Deep
Green amongst others.
An objective for the business in 2021 and beyond is to become a
dynamic marketer of our products and services; I am delighted that
our marketing team under Sophie Gellender has transformed our
social media and website presence.
RESULTS
Unsurprisingly given the effect of the Covid pandemic, the
business saw a drop in revenues in 2020 to GBP2,310,872 (2019:
GBP4,020,443). Despite this, the business reduced the loss before
tax for the period to GBP733,181 (2019: loss of GBP991,461). This
reflects a successful cost restructuring exercise, which will leave
the Group well placed for the post-Covid era.
The total comprehensive loss was GBP690,581 (2019:
GBP1,017,560), reflecting an increase in the carrying value of
GBP42,600 in our strategic investment in the AIM-quoted spoken word
audio platform Audioboom Group PLC (AIM: BOOM).
The EBITDA trading loss was GBP504,510 (2019: loss of
GBP699,583).
FUTURE PROSPECTS
The future is uncertain in the wake of the Covid pandemic, but
we anticipate that the benefits of the improved processes, cultural
transformation, sales and marketing resource, tighter cost base and
strengthened balance sheet mean that Immedia Broadcast Limited
trading as AVC Immedia is well placed to take on new challenges,
and to capitalise on opportunities as they arise.
As announced on 26 March 2021, Immedia Group plc is pursuing the
acquisition of Sprift Technologies Limited, which would transform
the Group into a property tech business and trigger the likely
divestment of Immedia Broadcast Limited. The proposed acquisition
remains at an early stage and further developments will be
announced as appropriate.
I believe that the Immedia Broadcast Limited business would
trade more efficiently as a private company and will lead the
business as it explores divestment options.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
for the year ended 31 December 2020
2020 2019
GBP GBP
Continuing operations
Revenue 2,310,872 4,020,443
Cost of sales (924,824) (1,976,945)
----------- -----------
Gross profit 1,386,048 2,043,498
Administrative expenses (2,126,783) (2,985,049)
Other income 68,127 -
----------- -----------
Operating loss (672,608) (941,551)
Finance income 116 -
Finance cost (60,689) (49,910)
----------- -----------
Loss before income tax (733,181) (991,461)
Income tax - (80,999)
----------- -----------
Loss for the year (733,181) (1,072,460)
----------- -----------
Loss per share
Basic (pence) (5.22) (7.81)
Diluted (pence) (5.22) (7.81)
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
for the year ended 31 December 2020
2020 2019
GBP GBP
Loss for the year (733,181) (1,072,460)
Other comprehensive income/(loss)
Items that will not be reclassified to profit
or loss:
Fair value gain on equity investments not
held for trading
designated as fair value through OCI 42,600 54,900
--------- -----------
Total comprehensive loss for the year (690,581) (1,017,560)
--------- -----------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 December 2020
2020 2019
GBP GBP
Assets
Non-current assets
Goodwill 191,018 191,018
Owned
Intangible assets 38,401 62,081
Property, plant and equipment 101,500 92,754
Right-of-use
Property, plant and equipment 74,408 175,428
Investments 157,500 114,900
562,827 636,181
Current assets
Inventories 124,094 201,462
Trade and other receivables 575,449 1,049,459
Cash and cash equivalents 464,232 237,574
1,163,775 1,488,495
Total assets 1,726,602 2,124,676
Liabilities
Non-current liabilities
Financial liabilities (45,663) (83,969)
Provisions (42,500) (42,500)
(88,163) (126,469)
Current Liabilities
Trade and other payables (1,803,183) (2,253,590)
Contract liabilities (145,195) (145,112)
Financial liabilities (92,471) (398,674)
(2,040,849) (2,797,376)
Total liabilities (2,129,012) (2,923,845)
Net liabilities (402,410) (799,169)
Equity
Shareholders' Equity
Called up share capital 2,558,184 1,455,684
Share premium 3,586,541 3,586,541
Merger reserve 2,245,333 2,245,333
Share based payment reserve 40,218 4,578
Investment valuation reserve 67,500 24,900
Retained losses (8,900,186) (8,116,205)
Total equity (402,410) (799,169)
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Share Share Merger Share based Investment Retained Total equity
capital premium reserve payment valuation losses
account reserve reserve
GBP GBP GBP GBP GBP
GBP GBP
Balance at 1
January 2019 1,455,684 3,586,541 2,245,333 4,578 (30,000) (7,043,745) 218,391
------------- ------------ ------------- ------------ ------------ -------------- -------------
Loss for the
year - - - - - (1,072,460) (1,072,460)
Other
comprehensive
income - - - - 54,900 - 54,900
------------- ------------ ------------- ------------ ------------ -------------- -------------
Total
comprehensive
loss - - - - 54,900 (1,072,460) (1,017,560)
------------- ------------ ------------- ------------ ------------ -------------- -------------
Balance at 31
December 2019 1,455,684 3,586,541 2,245,333 4,578 24,900 (8,116,205) (799,169)
============= ============ ============= ============ ============ ============== =============
Share Share Merger Share Investment Retained Total equity
capital premium reserve based valuation losses
account payment reserve
GBP GBP reserve GBP GBP GBP
GBP
GBP
Balance at 1
January 2020 1,455,684 3,586,541 2,245,333 4,578 24,900 (8,116,205) (799,169)
------------ ------------ ------------ --------- ----------- -------------- ------------------
Loss for the year - - - - - (733,181) (733,181)
Other
comprehensive
income - - - - 42,600 - 42,600
------------ ------------ ------------ --------- ----------- -------------- ------------------
Total
comprehensive
loss for the year - - - - 42,600 (733,181) (690,581)
------------ ------------ ------------ --------- ----------- -------------- ------------------
Transactions with
shareholders:
Share options
exercised 2,500 - - - - - 2,500
Share-based
payments - - - 35,640 - - 35,640
Shares
placed/subscribed 1,100,000 - - - - (50,800) 1,087,340
------------ ------------ ------------ --------- ----------- -------------- ------------------
Total transactions
with shareholders 1,102,500 - - 35,640 - (50,800) 1,087,340
Balance at 31
December 2020 2,558,184 3,586,541 2,245,333 40,218 67,500 (8,900,186) (402,410)
============ ============ ============ ========= =========== ============== ==================
CONSOLIDATED STATEMENT OF CASH FLOWS
for the year ended 31 December 2020
2020 2019
GBP GBP
Cash flows from operating activities
Loss before income tax (733,181) (991,461)
Adjustments for:
Depreciation and amortisation
charges 168,098 241,968
Loss on disposal of fixed assets - 493
Share-based payment charge 35,640 -
Finance income (116) -
Finance costs 60,689 49,910
Other (424) -
Decrease / (Increase) in inventories 77,368 (47,547)
Decrease / (increase) in trade
and other receivables 475,761 (280,930)
(Decrease) / increase in trade
and other payables (450,323) 765,370
Cash used in operations (366,488) (262,197)
--------- ---------
Taxation
Taxation - 3,396
--------- ---------
Cash flows from investing activities
Purchase of tangible fixed assets (52,145) (30,896)
Interest received 116 -
Net cash from investing activities (52,029) (30,896)
--------- ---------
Cash flows from financing activities
New loans in year 50,000 300,000
Loan principal repaid (300,000) -
Share issue 1,100,000 -
Costs of share issue (50,800) -
Exercise of share options 2,500 -
Repayment of lease liabilities (111,208) (92,517)
Interest paid (45,317) (49,910)
Net cash from financing activities 645,175 157,573
--------- ---------
Increase / (Decrease) in cash
and cash equivalents 226,658 (132,124)
Cash and cash equivalents at
beginning of year 237,574 369,698
Cash and cash equivalents at
end of year 464,232 237,574
========= =========
Immedia Group Plc
NOTES TO THE FINANCIAL INFORMATION
The financial information set out in this preliminary
announcement does not constitute statutory accounts as defined in
section 435 of the Companies Act 2006.
The financial information for the year ended 31 December 2019 is
derived from the statutory accounts for that year which have been
delivered to the Registrar of Companies. The auditors reported on
those accounts; their report was unqualified and did not contain a
statement under either Section 498 (2) or Section 498 (3) of the
Companies Act 2006 and included a reference by way of emphasis to
the impact of Covid-19 on the Group.
The statutory accounts for the year ended 31 December 2020 have
not yet been delivered to the Registrar of Companies. The auditors
reported on those accounts; their report was unqualified and did
not contain a statement under either Section 498 (2) or Section 498
(3) of the Companies Act 2006 and did not include references to any
matters to which the auditor drew attention by way of emphasis.
The 2020 accounts will be delivered to the Registrar of
Companies following the Company's Annual General Meeting.
The Annual Report and Notice of Annual General Meeting will be
posted to the shareholders shortly and will be made available on
the Company's website ( www.immediaplc.com ) at that time.
This preliminary announcement was approved by the Board on 12
May 2021.
1. Principal activity
The Group is involved in marketing and communication services
through the provision of interactive digital channels products and
services using music, radio and screen-based media to provide brand
conversation, engaging entertainment and innovative technical
solutions. It also supplies, installs and maintains the equipment
required to deliver these services.
2. Basis of preparation
The financial information has been prepared and approved by the
Directors in accordance with the recognition and measurement
principals of International Financial Reporting Standards (IFRSs)
in conformity with the requirements of the Companies Act 2006.
Going concern
The Group is pursuing the acquisition of Sprift Technologies
Limited, which would transform the Group into a property tech
business and trigger the likely divestment of Immedia Broadcast
Limited. For that transaction to proceed a working capital report
will be prepared and independent comfort obtained from reporting
accountants. If comfort that the Group has sufficient working
capital for a period of at least 12 months from the date of the
completion of acquisition and divestment is not obtained, then the
Board will not proceed with the transaction.
Currently the Group meets its day to day working capital
requirements through the combined use of its cash balances and
receivable and payable balances.
Although Covid-19 and Brexit have caused uncertainty and had a
substantial effect on the operations of many businesses, with the
ultimate impact remaining uncertain, the Group completed a
successful fundraising of GBP1.1 million in September 2020, and a
subsequent equity cash raise of GBP3.0 million in February 2021.
These combined funds have been used to repay some short-term
borrowing (an outstanding loan of GBP300,000), clear the costs of
the aborted acquisition from earlier in 2020 and fund working
capital requirements.
The Directors have reviewed forecasts of future cash flows of
the Group as currently constituted. On the basis of current
financial projections prepared to June 2022, which assume
continuing improvements in the managing of costs, no acceleration
in the settlement of major liabilities and a reasonable level of
new work won within the AV division, the Directors are satisfied
that the Group has adequate resources to continue to pay its
liabilities as they fall due in the year ahead, including some
headroom to deal with possible shortfalls against expectations
judged reasonable. The Directors have also considered whether that
headroom would be adequate to deal with any reasonable abortive
costs associated with the transactions relating to the possible
acquisition of Sprift Technologies Limited should that transaction
not proceed and consider it adequate.
Accordingly, whether or not the transactions to change the make
up of the Group are completed, the Directors believe there is
reasonable assurance that the Group has adequate resources to
continue in operation for the foreseeable future, being at least 12
months from the date of signing of the financial statements, and
continue to adopt the going concern assumption.
3. Financial assets
All financial assets are subject to review for impairment at
least at each reporting date to identify whether there is any
objective evidence that a financial asset or a group of financial
assets is impaired.
An impairment loss in respect of goodwill is not subsequently
reversed. In respect of other assets, impairment losses recognised
in prior periods are assessed at each reporting date for any
indications that the loss has decreased or no longer exists. An
impairment loss is reversed if there has been a change in the
estimates used to determine the recoverable amount. An impairment
loss is reversed only to the extent that the asset's carrying
amount does not exceed the carrying amount that would have been
determined, net of depreciation or amortisation, if no impairment
loss had been recognised.
In March 2014 the Group invested GBP90,000 in the purchase of
6,000,000 shares in AudioBoom Group Plc, an AIM-listed spoken-word
audio platform for hosting distributing and monetising content, as
part of the Group's strategy to broaden its digital marketing and
communications services.
The Group has taken the irrevocable election to classify this
investment as fair value through OCI. At 31 December 2020 the fair
value of the investment was GBP157,500 (2019: GBP114,900) with a
net fair value surplus in 2020 of GBP42,600 recognised in other
comprehensive income (2019: surplus of GBP54,900).
As at the date of approval of this report, the investment
represents c.0.5% of Audioboom Group Plc's ordinary shares in issue
and has a fair value of GBP355,200.
4 . Earnings per share
2020 2019
Basic
Weighted average number of shares in issue 14,882,460 14,556,844
Less weighted average number of own shares (832,374) (832,374)
------------ ------------
Weighted average number of shares in issue
for basic earnings per share 14,050,086 13,724,470
------------ ------------
Basic loss per share (5.22)p (7.81)p
2020 2019
Diluted
Weighted average number of shares in issue 14,050,086 13,724,470
Add shares which dilute - -
------------ ------------
Weighted average number of shares in issue
for diluted earnings per share 14,050,086 13,724,470
------------ ------------
Diluted loss per share (5.22)p (7.81)p
------------ ------------
The basic and diluted loss per share are calculated using the after-tax
loss attributable to equity shareholders for the financial period
for 2020 of GBP733,141 (2019: loss of GBP1,072,460).
In accordance with IAS 33 the diluted earnings/(loss) per share
is stated at the same amount in both 2020 and 2019 as basic as
there is no dilutive effect.
5. Events after the reporting period
Following the year ended 31 December 2020, the following
non-adjusting events have occurred:
Additional share issue
On 2 February 2021, the Group raised GBP3 million through
placing and subscription of shares.
Under the Placing, 10,400,000 Placing Shares were placed with
investors at GBP0.25 per Placing Share. Mark Horrocks (and his
related family interests) subscribed for 1,600,000 Subscription
Shares at GBP0.25 per Subscription Share.
The new capital was introduced to enable the Group to increase
working capital and to progress any opportunities to acquire
compatible businesses in the content creation/distribution and data
analytics spaces as part of its buy and build strategy.
The stock market announcement can be found at
https://www.londonstockexchange.com/news-article/IME/placing-and-subscription-to-raise-ps3-million/14819069
.
Change of business purpose
On 26 March 2021, the Board announced that the Company had
entered into non-binding heads of agreement to work towards the
possible acquisition of Sprift Technologies Ltd ("Sprift") a
property data specialist, by the Company. Should the transaction
proceed on the currently envisaged terms, it would be classified as
a reverse takeover in accordance with the AIM Rules for Companies
("RTO"). Accordingly, the Company's shares were suspended from
trading on AIM with and will remain so until either the publication
of an admission document setting out details of the proposed RTO or
until confirmation is given that these discussions have ceased.
The proposed RTO remains subject to contract and satisfactory
completion of the necessary due diligence and, at this stage, there
is no guarantee that the proposed RTO will complete.
Loan to Sprift
The Company has entered into a secured loan agreement ("Loan
Agreement") with Sprift, to lend it up to GBP900,000 in three equal
instalments over the next three months.
The Company has agreed to provide Sprift with a secured loan
facility of GBP900,000 ("Loan") for working capital purposes.
Subject to certain conditions precedent, the Company will make the
Loan in three equal tranches, the first GBP300,000 on 26 March
2021, the second on 23 April 2021 and the third tranche on 21 May
2021. The Loan is interest free, unless either party withdraws from
negotiations in relation to the proposed RTO, in which case the
amount of the Loan outstanding at that time would become repayable
in full in 12 months from the withdrawal from negotiations and
attract interest at a rate of 15 per cent. per annum, which is
payable monthly. The Loan is secured by a debenture containing
fixed and floating charges over Sprift's business and assets
granted by Sprift in favour of Immedia.
At the same time the Board also declared that it is exploring
divestment options for Immedia Broadcast Limited. The proposed
disposal would require shareholder approval under AIM Rule 15 and
the Company will make further announcements as appropriate. As the
Board had not committed to a plan to sell Immedia Broadcast Limited
as at 31 December 2020, the performance of Immedia Broadcast
Limited has not been treated as a "discontinued activity" and has
not been treated as "assets held for sale" under IFRS 5 for the
purpose of these accounts.
The stock market announcement can be found at
https://www.londonstockexchange.com/news-article/IME/loan-agreement-suspension-of-trading/14914698
.
The Company has determined that the additional share issue and
the change in business purpose/loan to Sprift are non-adjusting
subsequent events. Accordingly, the financial position and results
of operations as of and for the year ended 31 December 2020 have
not been adjusted to reflect their impact.
For further information please contact:
Immedia Group Plc Tel: +44 (0) 1635 556200
Tim Hipperson, Non-executive Chairman
Ross Penney , C hief Executive
SPARK Advisory Partners Limited Tel: +44 (0) 203 368 3550
(Nomad)
Mark Brady
Neil Baldwin
SP Angel Corporate Finance LLP (Stockbroker) Tel: +44 (0) 207 470 0470
Abigail Wayne
TooleyStreet Communications (IR Tel: +44 (0) 7785 703523
& Media Relations)
Fiona Tooley
About Immedia Group Plc
Immedia Group Plc is a multi-media content and digital solutions
provider to global businesses and organisations, who are investing
in internal and/or brand communications.
Our business provides a wide range of 'live' branded channels
specifically to retail locations across the UK and Europe with an
estimated listening audience of 8.5 million listeners per week.
Immedia's interactive audio channels deliver original and relevant
content, via its own DreamStream-X platform with encrypted
Dreamstream technology deployed in each location. Dreamstream-X
provides a mix of 'on brand' national and localised content to a
client's workforce and customer base. Each channel is supported
with powerful data analytics tools which monitor audience activity
and provide data to enable us to further enhance audience
engagement.
Immedia Group also creates original video content, 3D animation,
app and web development, as well as supplying and installing Audio
Visual equipment.
Immedia clients include HSBC, Shell, Subway, BP, Nationwide
Building Society, JD Sports, BMW, IKEA and FIFA.
To read more about our business, visit www.immediaplc.com or email us on enquiries@immediaplc.com
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END
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