ACC Liverpool announces record turnover and cuts losses

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The ACC Liverpool Group is reporting record turnover for the year ended March 2024, of £34.74m, a 15% increase compared to the previous year and the group’s highest to date. 

Net losses were reduced from £1.8m in the year ended March 2023 to under £430,000, despite rising energy and business costs.  

Following the signing of new long-term tenant and operator agreements with Liverpool City Council in December 2023, the group’s net current assets rose to £3.5m, compared to net current liabilities of £1.3 million in the prior year. 

The group also reported a £6.4m contribution to social value and, despite facing fresh challenges in the current financial year, the group said it remained focused on achieving its long-term growth plans in 2025 and beyond. 

In both the financial period reported on, and the trading period since, the group has hosted a broad range of high-profile events, including Eurovision 2023, two Labour Party Annual Conferences, and the FIFAe World Cup™.

Faye Dyer, CEO of the ACC Liverpool Group, said: “This annual report reflects our commitment to delivering excellent results and positive progress across all areas of the business, even in challenging industry conditions. While we know the current financial year is likely to be one of consolidation, we have firm plans afoot to help realise our growth ambitions in 2025 and beyond. Our future years order books are healthy, and we are focusing on key differentiators such as our interconnected waterfront campus, outstanding client experiences, experienced and committed team, strong city-wide network of supportive partners, and our industry leadership in sustainability and social value; all of which help strengthen our core and position us for continued growth.” 

The regional landscaped remains challenging for sure, with heightened competition from new northern venues and the trend of artists playing fewer but larger gigs.

Liverpool City Council Leader, Cllr Liam Robinson, said: “The arena, convention and exhibition centre complex is an integral part of our visitor economy, bringing conferences, events and concerts to the city, and supporting many thousands of jobs. 

“I very much welcome its strengthened financial position, which reduces the risk to Council Tax payers, and places it on a stable and secure footing to deliver on its ambitions for the future.”  

The ACC Liverpool Group operates Liverpool’s waterfront event campus, made up of the M&S Bank Arena, ACC Convention Centre, Exhibition Centre Liverpool and Pullman Hotel. The ticketing agency TicketQuarter provides ticketing solutions to third parties alongside a box office operation.   

ACC Liverpool has welcomed over 8.3m people and generated over £2.1bn in economic impact for the city region.

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