Former Glasgows head of business development Thompson and business development manager Gilmour have outlined a business model which includes remote working for all staff on cloud based systems with specialist freelancers and production companies delivering key elements of each project.
Thompson told C&IT that he is targeting a turnover of £400,000 in year one, rising to £1.4m by year three. He added that his clients are from a variety of sectors, while Mammoth is currently pitching for some big accounts.
He commented: "We’ve set modest targets for our first 12 months but we’re already well ahead of plan. We’ve secured several key projects that will be delivered in the final quarter of 2012 and we’ll be looking to recruit in early 2013.
"With the UK falling even deeper into recession, we’re seeing budgets shrinking or even frozen, whilst expectations are ever increasing. Thus, we need to find ways of squeezing even more value out of every single pound. We’ve examined the market, developments in communications and technology and with no historical baggage we are in a position where we can do something very special."
Gilmour added: "The traditional ‘everything under one roof’ model means that there is always pressure to utilise inhouse resource; we don’t have those pressures. We have the freedom to pick and choose suppliers who best fit each project. Between us we’ve produced events at the very highest level including the HRH launch of a nuclear submarine, the Trades Union Congress and the Turner Prize, so we know we have the experience and the connections to deliver."
Mammoth Events will focus on conferences, awards ceremonies, launches and exhibitions. It is currently working on two 'brand activations' for a BBC TV show as well as several corporate projects.
Prior to establishing Mammoth Events, Thompson worked on accounts including BAE Systems, Lyreco, National Union of Teachers and Police Federation of England & Wales.
Gilmour joined Thompson at Glasgows in March 2011. The pair had previously worked together for five years at Comtec Presentations.