Case study 01Stone & porcelain retailFrom July 2025

Reigniting growth after three years of flat revenue.

Stone Store logo

Natural stone · Porcelain tiles · Outdoor paving

Growth restored. Marketing made commercially accountable.

Revenue uplift · Jul–Apr+12.3%

£820k more revenue

Google cost · Jul–Apr−2.1%

£23k less spend

Efficiency improvement−2.1pt

Spend / revenue

Growth streak9

Consecutive YoY gains

The platform looked successful. The business did not feel the benefit.

Stone Store specialises in natural stone and porcelain tiles, alongside outdoor paving. By July 2025, growth had stalled while acquisition costs continued to rise.

A large-agency, automation-led approach had allowed Performance Max to absorb an increasing share of budget. Google reported activity, but total business revenue was not keeping pace with the investment. Organic visibility was also declining.

The answer was not another campaign optimisation. It required senior commercial direction across paid media, SEO, customer experience, conversion and measurement.

More automation. More cost. Almost no incremental growth.

Cross-network / PMax investment£2.53mJuly 2022–June 2025

By the first half of 2025, Cross-network campaigns consumed 86% of Google spend. Investment in that channel rose by 33% year on year, while dashboard revenue moved by only 1.5%.

Spend rose far faster than revenue

2022 indexed to 100
320240160800
202220232024
Marketing spend +215%Revenue +18%

Where Google budget went

H1 comparison

+£173k extra PMax investment for broadly flat revenue

The budget moved away from accountable campaigns.

Cross-network expansion did not supplement direct Search and Shopping. It increasingly replaced them—concentrating spend inside Google’s least transparent campaign type.

PeriodPMaxSearch / ShoppingTotal spendRevenueEfficiency
2022 → 2023Automation expansion+446%−18%+146%+14%−54%
2023 → 2024Further investment+10%+93%+28%+3.6%−19%
H1 2024 → H1 2025Before Hankinson+33%−43%+12%+1.5%−9%
20225.8%Spend / revenue
202312.6%+116% worse
202415.5%+23% worse
H1 202517.8%Peak inefficiency

For every £100 of revenue, marketing cost more than tripled—from £5.83 in 2022 to £17.84 immediately before the intervention.

Stop managing the platform. Start directing the business.

Previous model

Agency-led automation

  • Platform attribution treated as the answer
  • PMax absorbed the majority of budget
  • Channel activity disconnected from total revenue
  • Rising cost accepted as the price of growth
0102
Hankinson model

Fractional marketing direction

  • Investment judged against business turnover
  • Migration into controlled Search and Shopping
  • Paid, SEO, UX and CRO managed as one system
  • Commercial outcomes—not platform credit—set direction

The line changed direction.

July–April£843k

positive commercial swing from £820k additional revenue and £23k lower marketing cost.

Revenue
£6.68mBefore
£7.50mAfter+12.3%
Marketing cost
£1.107mBefore
£1.084mAfter−2.1%
Spend / revenue
16.6%Before
14.4%After−2.1pt
9consecutive months

of year-on-year revenue growth following the transition month—from August 2025 through April 2026.

ASONDJFMA

Growth became repeatable—not a single exceptional month.

+1.3%Aug
+16.7%Sep
+24.3%Oct
+21.1%Nov
+41.6%Dec
+16.6%Jan
+21.3%Feb
+8.2%Mar
+8%Apr
8/9months delivered at least 8% YoY growth
4/9months exceeded 20% YoY growth
+41.6%best monthly YoY uplift · December

Shopping rebuilt around products, margin and intent.

Before01

One automated system

Cross-network campaigns bundled audiences, placements and products together, allowing the platform to decide where budget flowed.

SearchShoppingDisplayYouTubePMax
After08+

Commercially distinct Shopping portfolios

Budget and ROAS controls were rebuilt around actual product economics and customer demand.

  • Stone-effect porcelain
  • Natural stone tiles
  • Marble-effect porcelain
  • Outdoor tiles
  • Stone paving
  • Concrete effect
  • Wood effect
  • Priority product lines
01

Visibility

Know which products consume budget and which generate commercially valuable demand.

02

Control

Set investment and ROAS according to margin, stock, seasonality and growth potential.

03

Incrementality

Judge paid media against total turnover—not the revenue the advertising platform awards itself.

Paid efficiency was only one part of the result.

01

Organic traffic

Organic traffic doubled while category visibility was rebuilt.

02#1

Stone tiles

Category-leading visibility for a commercially critical search.

03#4

Porcelain tiles

Top-five visibility in one of the market’s most competitive categories.

04Page 1

Floor tiles

Broadening non-paid demand beyond individual product campaigns.

A connected response, not another channel plan.

01

Google Ads

  • Shopping
  • Search
  • Display
02

Website UX, Design & CRO

03

SEO

Paid-media figures are taken from Stone Store’s historical dashboard. Cross-network reporting ends when the migration away from PMax begins in July 2025. The £843k commercial swing measures revenue growth plus reduced marketing cost; a quantified net-profit claim requires gross-margin and operating-cost data.

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