Marketing services company P&MM has revealed that profit before tax is up by 30 per cent to £2.025 million.

And the business, which earlier this year revealed it had bought Midlands communication firm Summersault, has also changed its name.

A spokesman said an extraordinary general meeting agreed the business should be re-branded as Motivcom.

The company's results for the year ending December 31 showed operating profit up by 21 per cent to £1.992 million.

Profit before tax increased by 30 per cent to £2.025 million (2004: £1.555 million) and gross profit increased by 31 per cent to £10.9 million

Chairman Colin Lloyd said basic earnings per share increased by ten per cent to 5.57p, with diluted earnings per share increasing by nine per cent to 5.47p.

The growth in earnings per share was lower than the growth in underlying earnings, due to the timing of the issue of shares on admission to AIM in August 2004.

If the AIM float had occurred on January 1, 2004, basic earnings per share would have been 4.38p and "on this basis the 2005 growth in basic earnings per share would have been 27 per cent".

Mr Lloyd said the group has made four acquisitions since going public, all for cash consideration, "underlying our stated focus on seeking to consolidate the highly fragmented market."

That included Leamington-based Summersault Communications, a creative services company specialising in internal corporate communications for large organisations.

The Birmingham Post has previously reported the business was bought for a sum which could rise above £2 million.