Banks Sadler today announced a 6th year of impressive growth across its global network. Pre-tax profits rose by 10% taking them to £1.475m whilst gross margin grew by nearly 7% to just under £11 million.
Leigh Jagger, Group CEO commented “We are absolutely delighted to see another year of solid and sustainable growth. We are especially pleased that all our overseas offices are now contributing to this growth with the only obvious exception being our latest office opening in China, having only opened its doors in June last year.
We had always anticipated that our rate of growth in 2015 would be slightly slower than in previous years as a number of our key clients went through fairly major merger and acquisition activity resulting in restructuring programmes and a temporary slow- down in a meeting and events activity for them. We are now starting to see those clients revisit their meeting requirements and have already seen an upturn in 2016.
As a group, we have continued to invest in our event technology offering and creative production as well as expand our senior team, so we are confident that we have very solid foundations in place for what is looking like a very positive 2016”.
The continuing growth across the group has been driven by some exciting new client wins as well as a number of our existing global clients utilising more of our overseas office network and taking advantage of a wider range of our event services to better consolidate their meeting and events spend and suppliers.
Coverage in C&IT Magazine
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