The agency, whose clients include Tesco and BT, forecast its gross profit would hit more than £1m for the year ended January 2011, compared to £660,157 for the previous year.
Bluehat UK managing director Tim Shepley credited the growth to the agency focusing on existing clients who "seem to be booking more events".
"We are confident that people are booking live events again that weren’t booking in 2009 and 2010 – now clients are telling us they are able to spend money on live events again."
Turnover and profits are expected to increase by a further 20% for the year ending January 2012.
The agency will focus on bringing new products to market in 2011, focusing on clients’ specific business objectives including leadership and graduate development, "linking fun learning with live events".
It also plans to increase its current staff from 20 to 24, adding new roles in administration, support and event management.
The agency has moved to a London Bridge office that is twice the size of its former headquarters in Slough.
"The main reasons are access for clients and access for the team," said Shepley. "Also for new members of the team – we are recruiting at the moment and access to young, fresh blood will be better in London."