Our medium-term plans into 2024 and 2025 see continued steady and sustainable growth. The table below outlines the key financial metrics for the business.
2022 Plan
2022
2023 Plan
2024
2025 Plan
Actual
Plan
Average Consultant Day Rates Consultant Revenue (incl. FTCs) Consulting Director Revenue
Key metrics for our Business
£1,450
£1,513
£1,470
£1,480
£1,490
£26.0m
£26.6m
£26.1m
£27.2m
£28.2m
2022 was a fantastic year for Project One. We continued our return to growth and achieved a fantastic £28.3m of fee revenue, a £2.3m (9%) increase on 2021. We outperformed our revenue plan by £1m (5%) and this was achieved by maintaining strong customer relationships and sales performance, resulting in high utilisation, as well as increasing our fee rates throughout the year, particularly with new customers. Our profit (EBITDA) in 2022 was the highest ever achieved, which is a massive accomplishment for the business as it enters its 25th year. This profit enables us to continue to invest in our future. In 2023, we have committed to the new Head Office and website, both of which launched in January. We will continue to invest for growth with further sales, marketing and brand awareness activity, including new customer events. As part of our 25th anniversary celebrations, we have increased the amount that we will donate to charity, as well as hosting our celebratory event in London later in the year. Our revenue growth will be driven by our sales, marketing and customer account activity, building on our success and embedding our wider service offering. In line with this, we will increase the size of the Sales Team to create the required capacity for continued future success.
£0.6m
£0.6m
£0.6m
£0.7m
£0.7m
PMO Revenue
£0.7m
£1.1m
£1.8m
£1.9m
£1.9m
Total Revenue (excluding expenses)
£27.3m
£28.3m
£28.5m
£29.8m
£30.8m
EBITDA
£6.5m
£7.5m
£6.4m
£7.6m
£7.8m
Average Consultants Deployed Average Total Team Deployed (incl. PMO)
78
73
79
83
86
81
78
88
93
96
£30m
£30m
£33m
£34m
£35m
Total Sales
04
05
Confidential
Confidential
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