Fabula closes after five years and blames 'tough' market for small indies

Ad independent Fabula has made the decision to close its doors to business after management questioned its future as a small independent in a "tougher", "more project based" marketplace.

Fabula: founded in 2012 by Yan Elliott, left, and Luke Williamson
Fabula: founded in 2012 by Yan Elliott, left, and Luke Williamson

The management of Fabula — founder and creative partner Luke Williamson, managing partner Jennifer Black and strategic partner Britt Iversen — have written to clients and contacts explaining the decision to close the agency, which was founded in the summer of 2012.

They explained that they have closed the business with no debt and having completed their final project, and are "off the barge and onto greener pastures".

According to Fabula's last annual accounts, for the year ended 31 March 2016, the company made a pre-tax profit of £354,000, compared with £342,000 in 2015.

Fabula was founded by Yan Elliott and Luke Williamson, the former creative directors at WCRS, along with Sam Brookes, the former managing director at Wieden & Kennedy's Platform.

But Elliott left in 2014 saying he was tired of the pressures of running a business. Black joined in 2013.

In its five-year history it has won accounts including William Hill, Ovo, ITV and Made.com. The agency lost the William Hill account in 2013 when the bookies brand reviewed its advertising account.

Creative highlights include a strategic piece for Made.com (below) that resulted in the 'Sale' campaign.

Other work of note was its creative for ITV (below).

The agency said that becoming five years’ old gave it pause to reflect. "The industry is changing, with more project based work in tougher contexts with shorter deadlines, and it's becoming harder for a small independent agency like us to make not just good but great work, and also make a good living."

"So we've made the decision to call time on Fabula and apply our skills on to new adventures."

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk plus get exclusive discounts to Campaign events

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content

Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).