Multi-media and animations specialist Cheerful Scout lost £69,242 from £733,347 of turnover in the year to June amidst difficult market conditions. However, creative director Peter Litten says that 'we're now beginning to see signs of an upturn in the market and are very happy with the direction we are taking'. As yet, this has only led to a 'modest' increase in the number and size of projects that Cheerful Scout has been assigned to work on, though the board is planning for further recovery, looking to employ more staff and invest in technology. The company's professed aim is to provide corporate clients with 'a one-stop communications solution', producing videos, DVDs and dabbling in special effects and animation too. Each of these strands is being developed, though it seems that the crucial corporate video market is where the most tangible short-term benefits will be seen. Due to the group's admirable thriftiness through the hard times, it has a decent amount of cash to advance its plans. There was £557,552 available at the end of June and net current assets totalled £702,863 (down from £909,729 a year before). If you're in, stay in. Hold.