Bray Leino sees 11% increase in profits for 2014

Bray Leino, the parent company of Bray Leino Events, has reported an 11% increase in profits for 2014.

Bray Leino sees profitable 2014
Bray Leino sees profitable 2014

According to accounts filed at Companies House, Bray Leino recorded an operating profit of £1.84m for the financial year ending 31 December 2014, a £181,500 rise from 2013. 

This was despite a 2.6%  fall in turnover to £53.6m, £1.5m lower than in 2013, and a 3% fall in gross profit to £19.3m. The company also saw staff numbers fall from 367 to 350.

The report stated that the company had returned to "strong profitable growth after a difficult 2013" and cited one of the drivers for growth as "various digital and data content" in its event business.

Bray Leino also acquired agency Brandon Hill Communications in 2014, which specialises in delivering public sector events.

More financial news:

Event budgets grow 5.7%, says Bellwether report

Mclcreate sees 68% fall in profits for 2014

Banks Sadler profits up for fifth year running

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