Chime Communications Limited

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Chime Communications Limited
Private limited company
Industry Marketing services
Founded 1989
Headquarters London, United Kingdom
Key people
Christopher Satterthwaite (CEO)
Number of employees
2000
Subsidiaries VCCP Partnership
CSM Sport & Entertainment
Chime Specialist Group
Chime Insight & Engagement
OPEN Health
Website Chime

Chime Communications Limited is a marketing services company headquartered in London, United Kingdom. Chime is the holding company for a portfolio of companies which include sports marketing, public relations, advertising, digital, marketing, research, corporate responsibility and healthcare communications.

Chime was founded as a private company in 1989[1] following a management buyout from Lowe Howard Spink and Bell to form Lowe Bell Communications and subsequently floated in 1994 as Chime Communications plc before going private again in late 2015. Chime comprises five divisions, 54 companies and over 2,000 people.[2]

Operations[edit]

The group comprises CSM in sport and entertainment; the VCCP Partnership in marketing communications; OPEN Health in healthcare communications and market access; CIE in market research; and the Chime Specialist Group for communications in specialist market places.[3]

Chime retained a 25% stake in Bell Pottinger, a public relations firm that was bought out by its management in the summer of 2012,[4] but wrote off its investment five years later as Bell Pottinger became embroiled in a crisis over its work in South Africa.[5]

Executive management[edit]

The company is governed by an executive management team, consisting of Christopher Satterthwaite (chief executive), Eric Hageman (chief financial officer) Stephanie Brimacombe (chief marketing officer), Kate Fraser (HR director) and heads of Chime’s operating divisions: Lord Coe, Crispin Beale, Adrian Coleman, Jo Parker and David Rowley.[6]

Notable former directors include Lord Davies of Abersoch (who left the board following Chime's takeover in October 2015), Lord Hannay of Chiswick and Dame Sue Tinson (who both left the board on 31 December 2006),[7] and Lord Bell (who left the board in June 2012 following a MBO by Bell Pottinger's management team).[8]

London Stock Exchange de-listing[edit]

Chime was de-listed from the London Stock Exchange on 16 October 2015 and re-registered as a private company following a takeover by Providence Equity Partners (81.1%) and WPP plc (18.9%).[9] Chime was re-registered as a limited company on 19 October 2015.

References[edit]

  1. ^ "Company Overview of Chime Communications Limited". Bloomberg. Retrieved 9 April 2018.
  2. ^ "Chime Group - Business overview". Chime Communications plc. Chime. Archived from the original on 3 November 2013. Retrieved 2 November 2013.
  3. ^ WPP http://www.wpp.com/wpp/companies/chime-communications-limited/. Retrieved 9 November 2015. Missing or empty |title= (help)
  4. ^ Sweney, Mark (31 May 2012). "Chime agrees £20m Bell Pottinger sell-off". guardian.co.uk, Thursday 31 May 2012 08.24 BST. London: The Guardian. Retrieved 20 August 2012.
  5. ^ Sweney, Mark (5 September 2017). "Bell Pottinger investor walks away as South Africa row deepens". Guardian. Retrieved 12 September 2017.
  6. ^ "Chime Communications Limited website". Retrieved 4 November 2015.
  7. ^ "RNS 84070 Chime Communications directorate changes". MorningStar, 2 January 2007. MorningStar. Retrieved 2 November 2013.
  8. ^ "Completion of Disposal". Market Announcements, Monday 02 July 2012. Chime plc. Archived from the original on 14 January 2013. Retrieved 20 August 2012.
  9. ^ "Chime targets expansion after completing £374m sale to WPP/Providence". Retrieved 4 November 2015.

External links[edit]