TFI plots Singapore and US expansion

TFI Group is planning to expand rapidly in the coming year, with growth fuelled by office openings in Singapore and the US.

TFI to open office in Singapore
TFI to open office in Singapore
The agency – which has its headquarters in London and a base in Edinburgh – will open a Singapore site in January 2014, with a staff of three.

Offices in Florida and New Jersey are also set to open next year, while the small Scottish team will expand to capitalise on a "strong pipeline" in the pharmaceutical market in the region, said TFI Group director Simon Maier.

Meanwhile, the agency is now recruiting six new staff to join its 32-strong London team, including a project manager, technology and communications platform manager and a registration and data process manager.

"We have been very keen to quickly develop into a fuller service agency, rather than being a reactive logistics company," explained Maier.

The growth drive follows a "clearout" in early 2012, said Maier, which saw the departure of general manager William Jeavons in April, as well as the business's finance director.

The changes at TFI Group led to an expected decrease in turnover and net profit, with the agency recording a net profit of £16,518 in 2012, down from around £277,000 the previous year. However its gross profit margin increased to 38%.

"We are being ambitious," admitted Maier. "A lot of people think the market is dying, or very difficult, and it is hard but there is work about.

"We have to change tack to make sure we stay with the opportunities. We want to play to our strengths."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
5 days left to answer our corporate event planner survey and win a luxury hotel stay

5 days left to 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.

8 essential steps for event marketing

8 essential steps for event marketing

Delegates at IBTM World in Barcelona got some tips from MPI to create a smart promotional strategy.

The unstoppable growth of esports events

The unstoppable growth of esports events

CEO of Excel Esports explains why the audience for gaming and esports events is only getting bigger.

New head of live events for HGA

New head of live events for HGA

Manchester-based events agency makes several appointments after a year of record revenue.

IBTM World Trends Watch 2020: 'The changing face of delegates'

IBTM World Trends Watch 2020: 'The changing face of delegates'

Report identifies global MICE trends in areas such as technology, sustainability and incentive travel.

In pictures: Villa Copenhagen opening in 2020

In pictures: Villa Copenhagen opening in 2020

Central post office built in 1912 has been restored to house the new 390-room hotel that can host events for 1,200 attendees.

Strata brings in a dozen new recruits

Strata brings in a dozen new recruits

Agency hires 12 people across all departments, including client services director Laura Awcock.

Our view: Flexible working is key to retaining the best talent

Our view: Flexible working is key to retaining the best talent

C&IT's associate editor Andy McCorkell explains why supporting working parents is so important for a successful business.

In pictures: New events venue opens in Herefordshire

In pictures: New events venue opens in Herefordshire

Crumplebury has onsite accommodation, flexible event spaces, a farm-to-table restaurant and views of the countryside.

6 ways tech can make events more sustainable

6 ways tech can make events more sustainable

Planners can challenge the more wasteful elements of events, says CEO of events management company Eventopedia.

LATEST JOBS