Demand & brand studio

Amsterdam  /  Toronto

Est. 2014

Attention is rented. Demand is built.

We put strategy, creative, media and engineering on one team, and hold that team to the numbers your finance director already tracks.

Four engagements open — Q4 2026

Practices
Strategy · Creative · Media · Search · Brand · Engineering
People
31
Studios
Amsterdam, Toronto
Engagements
About twelve a year
A photography studio lit for a shoot, seamless backdrop rolled to the floor
A product shoot in progress: sweep of brown paper, a bare table, one light
A printmaker pulling a proof at a press in a daylit workshop

The studio, mid-production. Amsterdam, this spring.

Selected clients

Selected clients: Kestrel Financial, Marin & Vale, Hollis Bay, Northfield Athletic, Orlo, Verity Health, Aubade, Ferrymead Group, Cordwain, Pallas Foods, Ninebark, Tenterden Bros..

Position

Most marketing fails quietly.

Not with a disaster. With a campaign that ran, reported acceptably, and changed nothing about the business. We built Groundswell to be the opposite kind of company: small enough that the people who sold the work are the people who do it, and stubborn enough to argue about whether it is working.

We take a position

A recommendation with three options and no opinion is a way of avoiding responsibility. We tell you what we think and why, and we write it down so it can be held against us.

Measurement first

If we cannot agree how we will know whether this worked, we have not finished planning it. That conversation happens before the budget, not after.

Small and senior

The people in the pitch are the people on the work. We stay small on purpose, and we turn things down to keep it that way.

Boring where it counts

Accessibility, performance, data handling and contracts are not where we express ourselves. They are where we are dependable.

More about the studio

Selected work

6 projects

Strategy, creative and technology
built around a measurable outcome.

Case study

Business banking

2025

Kestrel Financial

The rate was never the reason

01  /  04

The situation

Kestrel had spent two years buying business current accounts on rate comparison sites. Acquisition worked, in the sense that accounts opened. It did not work in the sense that mattered: the accounts sat at low balances, switched again within a year, and the cost of holding them exceeded what they returned.

Black and white study of a brutalist apartment block's stacked balconies

02  /  04

What we found

We interviewed thirty-one founders and finance leads, including eleven who had left. Almost nobody could remember what rate they had signed up for. What they remembered, in detail and with some heat, was the eight working days it took to get a second signatory added, and the fact that nobody at the bank could tell them why.

03  /  04

The move

We repositioned Kestrel around operational speed rather than price, and made the claim falsifiable: published turnaround times for the twelve most common business banking requests, updated monthly, including the ones that were still slow. The brand system was rebuilt around that transparency — a lot of plain type, a lot of published numbers, no photography of people shaking hands.

Geometric brutalist rooflines cutting against a bright, empty sky

04  /  04

What changed in the media

Comparison-site spend dropped to a third of its previous level. The budget moved into search against operational queries, and into a long-running programme with accountants and bookkeepers, who turn out to be the people founders actually ask. Blended acquisition cost rose. Contribution per account rose considerably further, which was the point.

Texture study of a poured concrete wall with visible form-tie holes

Results

What the work is judged on

Median change across engagements running twelve months or longer, measured against a pre-agreed baseline rather than against the same period last year.

+ 184 %

Non-brand organic sessions

Median, 12-month engagements

+ 72 %

Qualified pipeline

B2B engagements only

3.4 ×

Contribution after media

Against holdout, not platform-reported

+ 48 %

Enquiry to close

Where we own the full funnel

Figures illustrate the shape of the work. Replace them with audited client data before this site goes anywhere near a prospect.

How we work

Five stages. The last one is where
the return actually lives.

01

Discover

Weeks 1–3

We go looking for the thing nobody wants to say out loud.

Interviews with your team, your customers and the people who chose somebody else. A full read of the analytics, the CRM and the finance export, reconciled against each other rather than taken on trust. We are looking for the gap between what the business believes about itself and what the data will support.

  • Research findings
  • Reconciled baseline
  • The uncomfortable question

02

Frame

Weeks 3–6

A small number of bets, sized and sequenced.

We turn the findings into a position and a plan: what you are for, who for, and the three or four things worth doing about it this year. Everything is costed. Everything has an owner. Anything that cannot survive that treatment gets cut here rather than in month seven.

  • Positioning
  • Growth model
  • Roadmap with owners

03

Make

Weeks 6–16

Build the smallest complete version, then put it in front of people.

Identity, site, campaign, measurement — whatever the plan calls for, built to a standard rather than to a deadline, and reviewed in the open every two weeks. We would rather ship one finished thing than four that need a caveat.

  • Design system
  • Production build
  • Measurement wiring

04

Launch

Two weeks either side

Launch is a fortnight, not an afternoon.

Soft launch, holdout in place, instrumentation verified against a known baseline before anyone celebrates. We watch the first fourteen days closely because that is when the assumptions break, and we would rather be in the room when they do.

  • Rollout plan
  • Holdout design
  • Day-14 readout

05

Compound

Quarterly, ongoing

The work that makes the earlier work worth more.

A quarterly cycle of experiments, editorial and media reallocation, with a written record of what we learned and what we were wrong about. Most of the return on a good position arrives in years two and three, and only if somebody keeps tending it.

  • Experiment programme
  • Learning log
  • Reallocation

In their words

“They talked us out of the campaign we came in asking for. It took two more months and it was the right call, which is not a sentence I expected to write about an agency.”

“The reporting is the part I would keep if I could only keep one thing. We stopped arguing about whose number was right and started arguing about what to do, which is a much better argument.”

“Six weeks in they told us one of our two flagship channels was not doing anything. Nobody enjoys that meeting. It saved us most of a year’s budget.”

“What I noticed was that the same three people were still on the account in month fourteen. In this industry that is close to remarkable.”

01 / 04

Insights

Latest thinking

What we are arguing about internally, written up before we are entirely sure we are right.

All insights