First Event announces 40% turnover rise amid 'massive growth'

Agency First Event has seen a 40% increase in turnover in the past year, while growing its team from 14 to 25.

Richard Murphy of First Event
Richard Murphy of First Event

A turnover of £5m was recorded between July 2013 and July 2014, which has increased to £7m this year.

In addition, the company has hired 11 new members of staff, including Rachael Walker, an account manager who moved from Your Event Solutions and Holly Brett, an account director from Universal. 

"We’ve had five new members of staff in the past six months," managing director Richard Murphy told C&IT. "We’re experiencing massive growth and expect this to increase by a further 30% in the next year. We’ve gained seven new clients in the past year and broken into the food sector. In fact, we’ve just held our largest ever event for 1,000 people up in Liverpool for a major food brand."

He attributed the growth to his ‘excellent staff’ and added that there was lots of new business on the horizon. "We’re really pleased with the growth and development over the past year and we couldn’t have done it without such a great team."

The company has also launched First for Loyalty, an online reward and recognition scheme for employees and other small businesses unable to invest in incentive programmes. 

More:

Top 50 Agencies: 39: First Event

The Social Network: Richard Murphy, First Event

First Event predicts 30% growth after new business wins

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