Worldspan Group records £1.8m profit

Event agency Worldspan Group has reported £1.8m in gross profit for the financial year ending 30 June 2014.

Sophie Morris, MD, Worldspan Group
Sophie Morris, MD, Worldspan Group

Its audited accounts, which have just been filed at Companies House, show an 8% increase in sales to £7.2m for the same period.

Worldspan Group predicted in July that it would reach the £1.8m this year.

Overall operating profits were up £297,255 from £249,891 in 2013, however this was reduced to £70,255 once an inter-company loan had been paid off.

"We have, once again, produced a very strong performance, driven by new client wins, as well as the delivery of a higher number of projects for our existing clients. Our creative and digital teams also achieved an excellent result," said managing director Sophie Morris.

"Throughout the year, our team have demonstrated their commitment to delivering exceptional, engaging events," she added.

C&IT reported earlier this week how the agency has secured a three-year contract to deliver events for the International Cotton Association (ICA).

Looking ahead to the next financial year Morris added: "We remain on track to deliver further growth across all areas of the business and continue to invest in growing our team of highly skilled individuals."

Worldspan has been recognised as an Investor in People (Gold level) for its commitment and approach in developing and supporting its team.

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