AlliedPRA UK records £141k loss in final year

Destination management company AlliedPRA UK has recorded a £141,493 loss in its final year of operation.

Despite an increase in turnover from £798,978 to just over £1m, administrative expenses of £368,673 led to an overall operating loss. This represented a 13.4% drop from the previous year, where a loss of £124,689 was recorded.

The director’s report, which accompanied AlliedPRA's financial accounts on Companies House, said the group’s key focus was the ‘restructure’, following the closure of the European arm. "The company ceased to provide destination management services in February 2015. The directors of the parent company are restructuring the wider group, of which the company is part of, and intend to explore other opportunities and markets through this company."

Following the closure earlier this year, former AlliedPRA UK managing director Leigh Butterfield and director of events Jeremy Brown have since launched a new DMC called 2B UK

More:

Former AlliedPRA UK team launch new DMC

AlliedPRA Spain has become DMC34

AlliedPRA clise to reveal new European alliances

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