Full service events management agency Banks Sadler is celebrating its 30th anniversary with its best financial figures to date.
The group, which operates in Germany and France and boasts RBS and Allergan among its clients, has posted record operating profits of £812k, up 74 per cent on the previous year.
CEO Leigh Jagger said the results reflected the hard work of the Banks Sadler team, “not just in the last year, but over the last few challenging years. Despite difficult trading conditions, we have continued to invest heavily in our expansion plans which have helped us to not only retain long-standing accounts but also win some very exciting new global contracts”.
Group turnover is also up, 40 per cent to £38m.
The board is anticipating profits increasing through 2012, although Jagger sounded a note of caution.
“We are still operating in a cost-conscious environment and seeing many of our clients closely managing their meetings and events spend. It would be naive to think that the economic uncertainty across Europe will not have a knock on effect on the events industry and it is important that we continue to manage our operations accordingly,” Jagger added.
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