The Mission Group

Agency consolidation and simplification

Net bank debt rose to £11.0m at 30 June 2026 from £9.0m at year-end, after £0.6m of acquisition settlements and £1.5m of restructuring cash costs. Year on year it is down from £13.7m. The company expects it to fall in H2 as the £4m annualised savings come through. The text provided does not mention the dividend, which stays paused per earlier announcements.

Net bank debt

£11.0m at 30 June 2026 (£13.7m June 2025; £9.0m December 2025)

Total debt

£11.8m including acquisition obligations (£16.2m a year earlier)

Cash costs in H1

£0.6m acquisition obligations settled; £1.5m restructuring cash cost

Next milestone

Final £0.8m of acquisition obligations expected to be settled in Q3 2026

Savings behind it

£4m annualised gross cost savings from restructuring

Next: Net bank debt to fall in H2; final £0.8m acquisition payment in Q3

1. 22 Sep 2026 Simplification done; leadership transition set for January 2027
2. 22 Sep 2026 Simplification complete; H2 delivery pending
3. 17 Sep 2026 Final merger stages completed; lead brands established
4. 23 Jul 2026 B2C/B2B merged; margin and profit improving in H1