CHESHIRE-based marketing company Media Square has seen half year profits and turnover fall considerably, and been forced to make cutbacks over and above those planned as part of its restructuring.

Turnover was down 30% on the previous year at £44.9m on revenues that were down 25% to £24.3m for the half year to the end of August 2009 (2008: £64.2m on turnover of £32.6m). The company said the bulk of this decline was down to reduced spending by existing clients.

It added that the reduction in sp......for the full story register now for free or login below...