Although Maglabs was only incorporated as a company in January 2009, its incubation as a stand-alone division within Magnet Harlequin dates back to the start of 2008.
Thinking back over the year, my overriding experience with Maglabs seems to have been one of uplifting camaraderie as the team (and the new building) has come together from differing parts of Magnet Harlequin and from outside to form a genuinely cohesive team, led by one of the best Boards.
I would like to take this opportunity to thank all of you – colleagues, partners and clients – for your tremendous support during our first year. Starting a company is always challenging, and doing it ’on the run’ no less so; but the strenuous efforts made by all and the evident and infectious enthusiasm and energy has made it all worthwhile.
Despite the distractions of the start-up, the team has managed to surpass their three core objectives by demonstrably exceeding clients’ expectations, increasing performance-related pay and high double-digit net earnings growth.
So, with our first behind us, we face the future with alacrity. Whilst subject to same economic uncertainty as all businesses, this in no way diminishes our ambition, optimism and justifiable self-confidence. Knowing that our work has never failed to deliver rapid return on investment via reduced costs and enhanced efficiency is as compelling to brand owners today as it was – and will continue to be.
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