Banks Sadler profits up for fifth year running

Event management agency Banks Sadler has seen its profits rise for a fifth consecutive year, with 2014 profits up 13% to £1.4m

Banks Sadler group CEO, Leigh Jagger
Banks Sadler group CEO, Leigh Jagger

The firm also saw turnover increase by 16% to £40m in the same period as a result of some high profile account wins.

Leigh Jagger, group CEO, said: "We are delighted to have been able to deliver another year of solid and sustainable growth. The teams across our entire office network have really pulled out all the stops to ensure we continued to build on last year’s success.

"The growth in our turnover reflects a very busy year on the event management front, not just in the UK but across all our global offices, coupled with the continuing growth in demand for our creative production and event technology services."

As part of this growth, the company will open a new office in Shanghai this June and has had the team over in London since Christmas for training.

Looking forward, Jagger added that 2015 will be more of an uncertain market, but she is confident the firm can continue to prosper.

"2015 has already seen some of our key clients go through fairly major merger and acquisition activity, others have implemented global restructuring programmes and we are already seeing a slowdown in demand from these clients whilst the dust settles.

"With the general election now looming there is a lot of uncertainty out in the market and only time will tell how things will play out over the remainder of the year. We have a great team and solid foundations in place, so we are confident that, all things being equal, we can continue our upward growth trend into 2016 and beyond."

More on Banks Sadler:

Banks Sadler reports growth in healthcare division

Banks Sadler appoints Robert Kenward

Banks Sadler to open Shanghai office

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C&IT's definitive report on the key trends and challenges facing the UK events industry in 2015 and beyond.


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