PRWeek UK Top 150
B2B table


UK b2b comms agencies and divisions continued to record strong growth in 2022, the b2b sector table for PRWeeks UK Top 150 Consultancies project reveals.

Average growth among the top 10 in the table – which ranks agencies by b2b revenue in the 2022 calendar year – was 39 per cent. That is up from 31 per cent in the same table last year.

Among the strongest performers in this year’s top 10 are Cirkle and Fight or Flight, with b2b revenue up 89 per cent and 86 per cent respectively. Citypress, which was ninth in the table last year, shot up to third after enjoying b2b revenue growth of 65 per cent.

Aspectus and Octopus Group retained their first- and second-place positions this year after growth of 26 per cent and five per cent, respectively.

Among the top part of the table, there was also strong b2b revenue growth for the likes of Definition Group (49 per cent), ING Media (32 per cent), Eulogy (140 per cent) and Jargon PR (83 per cent).

Ten agencies in the table had a decline in b2b revenue in 2022 – the same number as last year, although this year’s table has more entries (84, versus 80). None of the top 20 this year reported a fall in revenue from b2b.

Below, we hear from senior figures at agencies with prominent b2b revenue. Scroll down to see the full b2b table.

“Despite widespread economic wobbles, this year will be full steam ahead in one of the most stimulating, exciting and resilient sectors.

“Operating in b2b means finding a formula for success when success can be elusive and is certainly challenging.

“So how do you achieve client success in 2023/24? It’s key to offer intelligent insight – an in-depth understanding of what matters most to your clients’ stakeholders. Global expertise is crucial, too, as ambitious companies want the ability to deliver anywhere in the world. And then quality of execution really matters.

“B2b success demands data-led, informed and highly considered creativity to enable cut-through and engage audiences in a relevant way. If considered creativity [is] the perfect dose of something riveting to make the esoteric exciting and engrossing – then empowered people are the magic ingredient. So recruitment and retention is more important than ever.

“Last, but certainly not least, is the integration imperative. Agencies need to serve ‘Martini communications’, with content pushed and prospects pulled in anytime, anyplace, anywhere. Digital is essential to success and what is more it allows for measurement, refinement and demonstration of ROI – which means results come guaranteed!”

Alastair Turner, global chief executive, Aspectus Group

“Over the last couple of years, the wider agency marketing and PR sector has been in rude health. And for b2b specifically, the sectors we tend to serve most, all buoyed by venture capital and private equity, have been investing heavily in marketing.

“Octopus has grown in terms of revenues, people and capabilities during this time and we’re extremely proud of the work we’ve done with our clients. However, like other agency leaders, I do feel we are now all adjusting to a new reality with our clients of planning for more moderate growth as businesses’ spending tightens across categories.

“But it’s our job in agencies to look ahead. To adapt, diversify, innovate our product and unearth new sectors to keep our businesses growing and new briefs flowing in. I think b2b agencies are brilliantly equipped here. Adaptability, flexibility and diversity of approach is key.

“Here at Octopus, we’re most excited about business data and insights innovation, building generative AI into our workflows, the growth of b2b commerce and the shift back to business brand-building from a pure performance focus. All big opportunities that lie ahead.”

Jon Lonsdale, chief executive, Octopus Group

“We’re seeing continued growth across the sectors we serve and especially the professional services market. Clients are looking for creative, integrated solutions to engage hard-to-reach senior buyers and to cut through the noise. It’s rarely about ‘just PR’ these days – clients want to see their marketing investments working harder across the piece, with measurable results and continuous improvement.

“We expect generative AI to play a significant role in the content marketing mix and Rostrum has developed our AI strategy to reflect the strategic demands and risk appetites of our clients, as well as our team.

“Rostrum is embracing AI to help with internal efficiencies, streamlining processes and improving areas such as reporting, as well as delivering client-side benefits. Additionally, we are investing at all levels of the team in recruitment, retention and training to ensure that all Rostrum people are given the opportunity to reach their full potential.”

Mark Houlding, chief executive, Rostrum

Footnotes

• Revenue is defined as the sum of fee income for PR counselling. It does not include adspend on behalf of clients or out-of-pocket re-billable charges.
• Figures are for calendar years.
- Data not available.
*The agency’s 2022 and 2021 revenue and staff figures are PRWeek estimates owing to the US Sarbanes-Oxley Act (2002) or agencies declining to take part.

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Editor: John Harrington
Head of audience engagement: Andrew McCorkell
Production editor: Rachel Jerden-Cooke
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