S4 Capital — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2026· 1 event
Targeted net debt range for 2026 is £60-90m, with medium-term leverage target reduced to under 1.0x net debt/operational EBITDA, below the previous range.
sustainability_report p.3
2025· 3 events
No acquisitions were made in the year ended 31 December 2025, simplifying year-on-year comparison.
sustainability_report p.11
Introduced three new GTMs: Orchestration Partner, Real-Time Brands, and Glass Box Media, all supported by Monks.Flow AI workflow solution.
sustainability_report p.9
Effective 1 January 2025, the Group's reportable segments were restructured into two Practices: Marketing Services and Technology Services. Marketing Services comprises the previously reported Content and Data&Digital Media segments. Prior period comparatives have been re-presented.
sustainability_report p.18
2024· 13 events
The number of Monks at the end of the year was around 7,150, down 7.0% from over 7,700 at this time last year, reflecting disciplined cost management aligning headcount with activity levels.
sustainability_report p.8
Suppliers are providing more actual emissions data, particularly regarding business travel, which significantly improves overall quality of Scope 3 data. Reductions observed across all disclosed Scope 3 items except waste.
sustainability_report p.31
In 2024 the Group recorded a £301.2m non-cash impairment of intangible assets (£204.4m Marketing Services, £96.8m Technology Services), driving the £302.8m operating loss. No such charge in 2025.
sustainability_report p.13
Revenues suffered in 2024 as tech clients (approximately half the business) diverted significant marketing spend to capital expenditure on AI. Staff costs to revenue ratio at ~75% vs industry 60-65%.
sustainability_report p.9
The Group has taken a non-cash impairment charge net of tax of £280.4 million reflecting trading conditions in the second half of 2024 and the medium-term outlook, with £196.5 million in Content and £83.9 million in Technology Services.
sustainability_report p.11
Standout client win in last 12 months: Monks appointed to GM roster as foundational/orchestration agency for Cadillac, Chevrolet, GMC and Buick brands, harnessing Monks.Flow.
sustainability_report p.9
S4Capital re-named its unitary operating brand to Monks in the last 12 months, marking an evolution beyond media and a refocus on two offerings: Marketing Services and Technology Services.
sustainability_report p.9
In 2024, Monks achieved B Corp status with a score of 91 points, with every office globally certified simultaneously. Measures social and environmental impact.
sustainability_report p.13
The Group's Science-Based Targets were validated by the SBTi in July 2024: reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year; reduce absolute Scope 3 GHG emissions by 25% by 2030 from a 2022 base year; reduce absolute Scope 1, 2 and 3 GHG emissions by 90% by 2040 from a 2022 base year. Targets align with 1.5°C ambition of the Paris Agreement.
sustainability_report p.43
The Group achieved global B Corp Certification, underscoring commitment to balancing profit with purpose and advancing ESG initiatives.
sustainability_report p.27
The Group has rebranded to Monks and is streamlining all current capabilities into two practices: Marketing Services and Technology Services. Plans to initiate reporting structures for new services model during 2025. Move from three practices to two under new branding.
sustainability_report p.8
During the year the Internal Audit function was brought in-house with the appointment of a Head of Internal Audit, replacing prior external internal audit by Deloitte LLP.
sustainability_report p.76
In preparation for CSRD, the Group conducted a Double Materiality Assessment in 2024, following ESRS guidance. The DMA confirmed previously identified material topics remain relevant.
sustainability_report p.29
2023· 11 events
The comparatives as at 31 December 2023 and 31 December 2022 have been restated to account for the recognition of deferred tax balances related to certain business combinations in prior years. Impact on total equity at 1 January 2023 is an increase of £35.1 million.
sustainability_report p.121
ESG reporting improved with CDP score upgraded from B- to B as a result of continued efforts to report on Scopes 1, 2 and 3 of GHG.
sustainability_report p.12
Shifted strategy from being carbon neutral in 2021 and 2022 through carbon offsetting, to become Net Zero by 2040.
sustainability_report p.12
Enhanced and refined GHG data recalculation process of market-based reporting, substantially improving the quality of the GHG inventory. Adjusted Scope 3 categories: Purchased goods & services split into three major categories, removed duplicates from Capital goods, corrected Business travel data, and adjusted Fuel- & energy-related activities. Received actual emissions data from key suppliers including hosting, server, and business travel for the first time.
sustainability_report p.59
Number of Monks reduced 13% from 8,891 to 7,707, with restructuring costs of £18.2 million. Reorganisation of practices including Content with new co-CEO appointment.
sustainability_report p.24
On 31 October 2023, S4Capital announced the business combination of Formula Consultants Incorporated for an expected total consideration of £1.2 million, including performance linked consideration of £0.4 million. Allocated to Technology Services CGU.
sustainability_report p.27
In December 2023, the Argentinian peso significantly devalued by over 50%. Operational EBITDA excludes the one-off benefit of £9.3 million, which is included in adjusting items.
sustainability_report p.24
Calculated and included hotel emissions in this year's Scope 3, which has posed challenges in the past.
sustainability_report p.59
On 13 December 2023, the Argentinian peso experienced a significant devaluation of over 50%. The impact on operational EBITDA in 2023 was a reduction of £9.3 million. The Group considers this a one-off item excluded from Alternative Performance Measures.
sustainability_report p.125
Seeking B Corp status across the whole Company, not just for individual offices, by 2023. Currently in the middle of the full scope assessment.
sustainability_report p.13
The Group formally submitted its Science-Based Targets for verification: reduce absolute Scope 1 & 2 GHG emissions by 42% by 2030 from a 2022 base year; reduce absolute Scope 3 GHG emissions 25% by 2030 from a 2022 base year; reduce absolute Scope 1, 2 & 3 GHG emissions by 90% by 2040 from a 2022 base year.
sustainability_report p.48
2022· 2 events
Aim to set a science-based target in 2022 according to the principles of the Science-Based Target Initiative, aligned to 1.5 degrees Celsius Paris Agreement goals.
sustainability_report p.19
The 2022 GHG emissions data has been restated to include the impact of acquisitions and where extrapolations have been refined with more accurate data. Mergers omitted from 2022 calculations represented over 5% of revenue and were incorporated into the recalculated 2022 footprint.
sustainability_report p.59
2021· 8 events
Argentina designated as a hyperinflationary economy; financial statements of subsidiaries in Argentina adjusted for the effects of inflation per IAS 29. Comparative 2020 amounts not restated.
sustainability_report p.119
Signed The Climate Pledge in 2021, committing to net zero carbon emissions by 2040. First advertising and marketing firm to commit to the Amazon Climate Pledge.
sustainability_report p.13
Media.Monks entered a third practice, Technology Services, through the combination with South American-based Zemoga in September 2021, enabling deeper engagement with CIOs and CTOs in addition to CMOs.
sustainability_report p.12
On 6 August 2021, signed new facility agreement: secured Term Loan B of €375 million (seven-year, due August 2028) and Revolving Credit Facility of £100 million (five-year, undrawn). Prepaid existing facilities of £109.3 million.
sustainability_report p.150
Delay in producing 2021 results due to control weaknesses, inadequate documentation and a lack of understanding in the application of IFRS15 in the Content practice (legacy MediaMonks). Significant changes to financial control, risk and governance structure being implemented including new CFO Mary Basterfield, new Group Financial Controller, new Content CFO.
sustainability_report p.62
Committed to achieving carbon neutrality by 2024, achieved in 2021 by offsetting 2020 emissions in the S4 Forest. Planted over 265,000 trees and will officially offset 2021 emissions in 2022 through certified forest preservation projects.
sustainability_report p.13
In August 2021, MediaMonks and MightyHive became one unitary brand: Media.Monks, reflecting seamless, fully integrated offer for clients.
sustainability_report p.7
Group continued aggressive growth strategy with 10 acquisitions in 2021 including TOMORROW, STAUD STUDIOS, Datalicious, Jam3, Raccoon, Destined, Cashmere, Zemoga, Miyagi, Maverick. Total consideration of £219.7 million.
sustainability_report p.124
2020· 1 event
Restated for the initial accounting for the business combinations of Decoded, Metric Theory, Orca Pacific and Brightblue as required by IFRS 3 - reclassification of goodwill (£61.8m reduction) into customer relationships, brands, order backlog and software.
sustainability_report p.127