UK presence helps boost Kadence revenues by 68%

Privately-owned Kadence did not disclose its profit but said that revenue for the quarter was more than $5m (£3.24m). Strong growth was recorded across all its offices but the UK was the fastest growing, with an 82% rise in revenue.

New work from existing clients, which include CNBC, Canon and Novartis, was the biggest source of growth.

Simon Everard, group chairman of Kadence, said: "The current economic climate is encouraging research buyers to focus on agencies that can provide true value by delivering real insight during these challenging times. I believe our ability to create fully customised research programmes, which deliver actionable insight rather than decks of tables, is paying dividends for us."

The company has offices in Boston, London, Delhi, Jakarta, Kuala Lumpur, Singapore and Hong Kong and plans to open a second China office later this year in Shanghai.