BP Castrol helps boost Venues Event Management profits

Venues Event Management has recorded a six-fold increase on its profits in 2010.

BP helps drive Venues Event Management profits
BP helps drive Venues Event Management profits

BP Castrol, Japan Tobacco International (JTI) and Bupa are among clients that have helped drive Venues Event Management’s success this year.

The annual accounts to 31 May 2010, which have now been filed at Companies House, detailed pre-tax profits of £276,416. After tax the profits are around £215,000, up from £36,000 in 2009.

The figures show a six-fold increase on the previous year’s figure of £43,714.

Venues Event Management commercial director Allen Farmer said the boost was down to a "significant upturn" in business from the start of 2010, as well as cost cutting in early 2009.

Staff now number 79, down from 85 last year.

Farmer added: "The new year has started in line with budget expectations and we are currently experiencing significant growth amongst a number of existing key clients and have also secured some key events with new clients."

New business wins include JTI, Trader Media Group and the Shaw Trust.

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