New client wins boost Trinity Event Solutions profit by a third

Events agency Trinity Event Solutions has announced a pre-tax profit of £170k for 2014, following new client wins and investment in technology.

Jacqui Kavanagh, CEO of Trinity Event Solutions
Jacqui Kavanagh, CEO of Trinity Event Solutions

The pre-tax profit figure represents a 32.6% increase year-on-year, when compared to the 2013 figure of £128,707.

The Lincolnshire-based agency also reported a turnover of £1.2m for the financial year ending 30 September 2014, a slight increase from 2013 (£1,137,864).

Trinity underwent a management restructure late last year that saw former Barbican general manager Anthony Hyde appointed managing director, while founder and owner Jacqui Kavanagh took on a CEO role.

Kavanagh said: "The work done on creating the infrastructure for growth in previous years has allowed an improvement to the cash position and strengthening of the balance sheet. As a result, the increased profitability for 2014 is from winning new clients, particularly in the legal, heathcare and publishing industry sectors. We have particular expertise with the pharmaceutical industry."

One of the agency’s new clients is the Society of Procurement Officers (SOPO), the membership organisation for individuals working in Local Government. Trinity won the contract to provide venue finding and full event management services following a tender process. The agency will also work with SOPO to develop its portfolio of events to cover regional roadshows and networking events.

Trinity also reported that its fixed assets had increased due to planned investment in technology, which is a key part of the agency’s focus. 

Kavanagh said: "We are continually investing in technology to make sure than we are completely up to date. Much of our software is written and owned by Trinity, which means that we can update it at any time and create bespoke solutions for our clients, such as our spend and management system METIS."

The agency’s staff numbers remained at 30 for the year, which Kavanagh said was the "preferred size" to keep "company culture and values".

Trinity's clients include venuefinder.com, Bauer Consumer and Leo Pharma.

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