Gordon MRM keeps €480k PR deal with NTMA
Dublin PR firm Gordon MRM has beaten away competition to retain its prestigious public relations contract with the National Treasury Management Agency (NTMA).
The contract is worth an estimated €480,000 over five years and the firm - led by Ray Gordon - beat competition from one other company to secure the work,
The contract represents an impressive double win by the company - earlier this year the firm retained its National Asset Management Agency (Nama) contract in the face of competition from two other firms that bid for the contract.
The PR contract for the NTMA includes representing the State Claims Agency (SCA).
That agency came under scrutiny recently as a result of the High Court action taken by terminally ill Co Limerick woman Vicky Phelan against the HSE and a US lab where the SCA represented the HSE's interests in the court case and eventual court settlement.
Earlier this year a spokesman for Gordon MRM spoke about an encouraging 2018 after stating that the company "had good momentum through 2017 and won some very significant mandates". Last year, the company's fortunes were boosted by the firm winning the tender to work with the Department of Finance on the AIB IPO which was the largest IPO in Europe in 2017.
The company was also appointed to work on the IPO of Glenveagh Properties PLC - and continue to work with this company. Together with the company's work on the PTSB IPO, in 2015 the firm has worked on the three largest IPOs in Ireland since the financial crash.
The company also advised the Irish Stock Exchange on its acquisition by Euronext and was appointed to work with BGF which has opened in Ireland a growth capital fund with €250m to invest in Irish businesses.
Gordon MRM declined to comment yesterday on the new contract award.
The most recent accounts filed by Media Relations and Reputation Management Ltd show that it recorded a profit of €73,912 in the 12 months to the end of February this year.
The profits represented a turnaround after its losses increased by €72,724 in the year to the end of February 2017.
Pay to directors at the firm fell from €321,034 to €200,137.