MCI UK records 41% increase in gross profit in 2009

MCI UK achieved profits of £234,535 after tax and expenses last year compared with £18,125 in 2008.

MCI reports growth
MCI reports growth

MCI UK plans tight control of costs over the coming year to continue growth that has seen it record a 41% increase in gross profit in 2009.

Gross profit increased to just over £3m from £2.14m in 2008, leaving MCI UK with £234,535 in profit after tax and expenses.

Meanwhile, turnover is up to £9.2m from £5.9m in 2008 - an increase of 56%. In 2008, turnover was down 58%.

Staff numbers are expected to increase from 59 in 2009 to more than 70 in 2010, and the firm has already secured £500,000 of business for 2011, according to annual accounts filed at Companies House.

C&IT reported last week that MCI had appointed Jamie Stinson to the newly created post of account manager in the Belfast office, and Sean Dillion to the new role of production manager. Former W&O Events account director Stephen Morton-Prior has taken up the post of account director, and Jason Ward, who previously worked for Rapier Group, has been appointed as senior production manager.

MCI deputy managing director Jenny Abbot told C&IT she was pleased with the results, with all budget streams budgeted to be profitable in 2010.

According to MCI, the growth has come from increased meeting and event numbers, as well as activity from professional congress organisers.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
You don't need tech to immerse people

You don't need tech to immerse people

You don't need expensive technology to engage audiences, says Karin Kadin of Brands at Work.

DRPG secures sweet deal with client win

DRPG secures sweet deal with client win

An internal awards ceremony for a confectionary brand saw 400 employees recognised for their achievements.

How the industry has changed for venues

How the industry has changed for venues

Director of Lane End Conference Centre reflects on changes to meetings and events since venue opened in 1969.

Audience UK appoints head of experiential

Audience UK appoints head of experiential

Full-service engagement agency appoints Stephen McIntosh as its head of experiential to oversee activations.

In pictures: SOTI Directors Dinner

In pictures: SOTI Directors Dinner

C&IT welcomed directors from the top 50 agencies at the Savoy, in partnership with Singapore Tourism Board.

Venues, hotels and activities in Latin America

Venues, hotels and activities in Latin America

From exploring the famous ancient ruins in Peru to five-star Art Deco luxury by the Copacabana in Rio de Janeiro

Why organisations need a mental health champion

Why organisations need a mental health champion

Forward-thinking companies need to address mental health according to advice from Ashfield Meetings & Events and SPARK THINKING.

New London office and senior hires for Seventa Events

New London office and senior hires for Seventa Events

Three new team members join the agency at its new Tobacco Dock headquarters.

Why good lighting at events is so important

Why good lighting at events is so important

Rob Myer, managing director at Light Fantastic, explains why theatrical expertise is helpful for lighting events.

Inspirational Venues & Events hires operational director

Inspirational Venues & Events hires operational director

Inspirational Venues & Events has appointed Amina Bentamoune as operations director.

LATEST JOBS