Logistik: Wilkins targets £20m turnover in five years

C&IT spoke to Logistik MD James Wilkins on the departure of founder Dirk Mischendahl and his plans to turn the agency into a £20m business within five years.

Logistik MD James Wilkins on Mischendahl's departure and his plans for the agency
Logistik MD James Wilkins on Mischendahl's departure and his plans for the agency

What has led to Dirk’s departure at Logistik?

When Dirk started Logistik, it was never his ambition to build the business to sell it. This has come about now because he has reached a point in his life where he wants to fulfil other ambitions. An opportunity came up for him and the timing felt right as Logistik now looks towards its next phase of development.

Tell me about the deal.

Logistik was owned by a total of seven shareholders, including myself and Dirk. Now, the business has bought Dirk’s 43% share for a seven-figure sum.

Dirk has been very considered and reasonable in what he has asked for in terms of the price. If he had gone to the open market he could have got a much higher price than what he asked for.

What are your plans for Logistik?

Logistik has evolved to become so many different things to our clients and we perhaps haven’t been strong enough in what our own identity is. My ambition is to narrow down some of things we do and to be clear on the things we’re really brilliant at. Uniqueness in business is very hard to find.

The plan is to still be a successful events business, but we want to re-shape the agency so we are recognised as an intelligent creative communications agency. The cynics would say we’re an events business that does some communications work, but if you look at our best work it is under the communications banner. We have worked on the re-launch of TSB, the launch of BT Sport, M&S’s food strategy and, most recently, BMW.

What are your growth targets?

Turnover this year will be around the £14.5m mark and our plan is to grow this to £20m within five years. The plan is to triple the size of our consulting and digital business, double the size of our film division and also grow our events, production and studio business. We will look at acquisitions and growth overseas in the US and the Asia-Pacific region, too.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Coronavirus: Your furlough questions answered

Coronavirus: Your furlough questions answered

Experts answer key FAQs about the tricky decisions businesses need to make around furloughs and offer guidance on the job retention scheme.

Global venues being transformed into field hospitals

Global venues being transformed into field hospitals

Which international convention centres are becoming temporary hospitals to manage spikes in coronavirus cases?

5 ways events will change after coronavirus

5 ways events will change after coronavirus

WRG’s Ben Atherton predicts how the industry might adjust when normality returns to live events.

Majority of event professionals fear job cuts

Majority of event professionals fear job cuts

Part four of C&IT’s global Impact of Coronavirus Report, we find out which regions are most concerned about job security.

LIVE UPDATES: Which international events are being cancelled

LIVE UPDATES: Which international events are being cancelled

All the latest postponements and cancellations as the world deals with the spread of coronavirus.

In pictures: Events industry joins nationwide NHS tribute

In pictures: Events industry joins nationwide NHS tribute

As the UK came together to thank frontline healthcare workers, venues did their bit to mark the occasion.

Fears freelancers will be forced into debt despite UK chancellor’s intervention

Fears freelancers will be forced into debt despite UK chancellor’s intervention

Relief for freelancers welcomed by HBAA chair amid concerns many will have to take out loans before a payout in June.

How many MICE businesses have a complete travel ban in place?

How many MICE businesses have a complete travel ban in place?

Nearly 2,000 MICE professionals reveal whether their company has banned business travel in part three of C&IT's Impact of Coronavirus Report.

Events industry applauds ExCeL's hospital transformation

Events industry applauds ExCeL's hospital transformation

The conference venue is expected to be ready for action as a huge coronavirus hospital by next week.

‘Kill the agenda, it gets in the way of creativity’

‘Kill the agenda, it gets in the way of creativity’

A detailed event schedule doesn’t leave much room for flexibility or self-expression, says INVNT’s Adam Harriden.