DRP reports £8.3m gross profit in 2014

DRP revealed today that 2014 was another record year for the event management agency, which achieved £8.3m gross profit, the highest in its 35-year history, despite a drop in turnover.

DRP's Ryan Curtis wins team member of the year as agency reports record profits
DRP's Ryan Curtis wins team member of the year as agency reports record profits

The agency celebrated the end of year with a Christmas conference and party held in the Worcestershire head office. The studio complex was themed as ‘Santa’s’ workshop, where 23 behind-the-scenes interactive sessions were created for the 155-strong team to experience and view all the various departments successes and highlights from 2014.

CEO Dale Parmenter said: "2014 has been challenging and a very busy year – we made acquisitions, re-branded, launched new services, increased team numbers and invested in our facilities. It’s brilliant we’ve been able to achieve an increase in gross profit, despite a drop in turnover. We’ve been focusing on efficiencies and offering value, so our strategy has clearly worked."

Last summer, DRP launched an ambitious five-year plan to double turnover to £30m by 2017 and increase staff numbers to 250.

DRP was also crowned Agency of the Year at the 2014 C&IT Excellence Awards in September after a record year in 2013.

The company recognised its top performers at the Christmas conference and party with its Brilliance Awards, with the Sainsbury’s account team winning the anything’s possible team of the year and Ryan Curtis winning the anything’s possible team member of the year and a trip to New York.

DRP will celebrate its 35th anniversary with a series of activities and launches throughout the year, including an ambitious CSR programme, culminating in a huge celebration event in June.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Dear C&IT: B2B events should be fun too

Dear C&IT: B2B events should be fun too

Rasha El-Shirbini from The fresh Group says whether it's consumer or B2B, think of delegates as humans first.

BCD M&E appoints chief operating officer

BCD M&E appoints chief operating officer

New COO will manage leaders from five regions, as the agency continues its global growth plan.

Is the cost of a venue the most important factor for corporate event planners?

Is the cost of a venue the most important factor for corporate event planners?

A panel at C&T’s Corporate Forum discusses what really matters when planners and suppliers work together.

Deadline for C&IT incentives survey this Friday

Deadline for C&IT incentives survey this Friday

Want to be recognised as one of the UK’s top incentive agencies? Complete this quick survey by 31st January.

What you need to know about the Coronavirus threat

What you need to know about the Coronavirus threat

Risk intelligence company assesses the response to the outbreak and its impact on travel.

Why delegates on a tropical incentive were happy to clean the beach

Why delegates on a tropical incentive were happy to clean the beach

Dell Technologies' StaceyLynn Hoaglan explains how the company is tackling its sustainability challenges.

Freeman hires new creative director amid 'significant' growth

Freeman hires new creative director amid 'significant' growth

Brand experience company makes appointment to lead its experiential creative team from the Soho office in London.

Event planners' top picks for Singapore revealed

Event planners' top picks for Singapore revealed

We asked two experts who have organised events in the country to share their experiences of the sovereign state.

How planners can prepare for a terror attack

How planners can prepare for a terror attack

Counter-terrorism expert Richard Pendry has advice for event organisers on how to respond to critical incidents.

Crisis planning: 'As an industry we are falling behind'

Crisis planning: 'As an industry we are falling behind'

Dale Parmenter, group CEO at DRPG, says event planners must take more responsibility for learning how to protect their delegates.

LATEST JOBS