AOK Events eyes expansion as profits swell tenfold

AOK Events has seen profits grow tenfold in its latest financial year, and is targeting a further 12.5% rise in 2013.

AOK Events sees profits and turnover up in 2012
AOK Events sees profits and turnover up in 2012

The London agency has recorded profits of £267,421 to the end of May 2012 up from £24,632 the previous year.

AOK Events chief executive Alex Hewitt said the agency had "enjoyed a record year", with "turnover up from £2.9m to £5.3m".

"Our figures improved dramatically last year," he said. "We are in a massively healthy position for a small agency like ourselves and we are in the nice position where we can pay the shareholders a bit."

Turnover for 2011 was £2,934,000 with a profit after tax of £24,632, while in 2012 turnover rose to £5,302,000 with a profit after tax of £267,421.

"We have seen a substantial increase for this year," he said. "We are absolutely thrilled."

Part of the agency's success was down to work it carried out around the Rugby World Cup in 2011, said Hewitt.

Hewitt added he expected a 10% increase in turnover in the financial year to the end of May 2013, as well as a 12.5% uplift in profit.

The agency currently employs 11 staff and will be looking to add three to four new members to the team in the coming year as part of its five-year development plan, said Hewitt.

The agency has filed its annual abbreviated accounts at Companies House this week.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Double sunrise: Would you book a 19-hour flight?

Double sunrise: Would you book a 19-hour flight?

After Qantas trial flight from London to Sydney lands, we ask event planners what they think.

Science Museum unveils new event space within medical exhibit

Science Museum unveils new event space within medical exhibit

Exhibition opens for drinks receptions and events amid one of the world's largest medical galleries as part of £24m refurb.

Venue of the Week: Adare Manor

C&IT's 2019 A-Listers were treated to a stay at the luxury Irish getaway on an 842 acre estate in County Limerick.

7 lessons for event planners from... the John Lewis Christmas ad

7 lessons for event planners from... the John Lewis Christmas ad

Everyone's nightmare is a fire-breathing dragon near a highly flammable Christmas tree, isn't it?

Biggest food and drink trends of 2020 revealed by hotel group

Biggest food and drink trends of 2020 revealed by hotel group

Black pepper ice cream, fermented foods and Levantine cuisine are among the culinary treats predicted to be popular.

What are Generation Z's top travel destinations?

What are Generation Z's top travel destinations?

In-depth analysis unearths the future of travel in a global survey of 10,000 young people in the US, UK, Europe and China.

Case study: Nickelodeon Kids' Choice Awards

Case study: Nickelodeon Kids' Choice Awards

Pop star Jason Derulo hosted the televised award ceremony at Abu Dhabi National Exhibition Centre.

Influx of association conferences for ACC Liverpool

Influx of association conferences for ACC Liverpool

Venue is set to host three major association conferences for the first time, while confirming return of several others.

3 simple ways to disrupt events

3 simple ways to disrupt events

Many planners mistakenly over-complicate their events, according to Scott Stratten, co-author of UnMarketing.

Answer our corporate event planner survey and win a luxury hotel stay

Answer our corporate event planner survey and win a luxury hotel stay

Complete our quick 10-minute survey to win a stay for two with Iconic Luxury Hotels and inform our State of the Industry report.

LATEST JOBS