Marketing group Adventis goes from strength to strength. In the first half to the end of June it lifted profits 57 per cent and added an impressive list of new clients. The pre-tax profit margin of more than 20 per cent suggests it knows how to add new business without automatically adding to the headcount. Half-time earnings of 2.2p a share (up 37 per cent) suggest the shares at 57.25p are still only selling for about 12.5 times earnings. Meanwhile, the cash balance has risen from £2.7 million at the end of June to more than £4 million today, so the company has a lot of headroom for further acquisitions.

Adventis’ one challenge is to sustain profitability in its financial services business, which works for a number of consumer financial organisations, many of which could feel the pinch in coming months. But if you bought on my recommendation here a year ago at 37.75p you should be in no hurry to sell.

Adventis Group	AIM	£5.56m	13.00p	0.00p
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