Sunday, December 5, 2021

Leading East Mids marketing Agency announces share buyout

Purpose Media has announced the retirement and share buyout of Rob Marshall, one of their three long-standing directors.

Founded in 2008 and owned by Matt Wheatcroft, Tim Lenton and Rob Marshall, the agency is now entirely held by Wheatcroft and Lenton, after Marshall’s shares were bought out for an undisclosed sum following his retirement.

Thirteen years ago, Purpose Media started out as an e-commerce and digital marketing agency in the centre of Mansfield, before acquiring our first bricks-and-mortar office 8 months later. Following several years of growth, the business acquired video agency A-Star Media, and the assets of Derby-based design agency Revolver Revolver to become the full-service marketing agency it is today, powered by 30 full-time members of staff.

Under the stewardship of Wheatcroft, Lenton and Marshall, Purpose Media has secured a number of major clients over the years, including True Refrigeration, Rivus Fleet Solutions and East Midlands Chamber. The agency still has ambitions to grow further and is in demand for its creative services.

Commenting on his retirement and exit from the business Rob Marshall, commented:

“I have really enjoyed working with the team at Purpose Media over the years and I am proud of the agency’s achievements during my time as a director.

“Collectively, we have grown and developed Purpose Media in to an award-winning, forward-thinking marketing agency that is well regarded in the region. I’d like to thank the employees, both past and present, for all of their support”.

Matt Wheatcroft, Managing Director at Purpose Media, commented:

“On behalf of Tim and our whole team, I would like to thank Rob for his contribution and commitment to the agency over the years, and we wish him all the best in his retirement.

“We are proud of the journey Purpose Media has made over the past 13 years, growing from a small web agency to the 30-strong team it is today. We are excited to see what the next chapter holds for the agency.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.







Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close