Reed & Mackay sees 28% rise in pre-tax profit

Travel management and event company Reed & Mackay reported a 28% rise in pre-tax profits for the year ending March 2015, rising to £9.8m from £7.6m.

The company also witnessed a 16% increase in turnover, from £25.8m to £30m.

According to the director’s report, published on Companies House, the company has enjoyed a period of ‘conservative growth’.

"The company has continued to invest in technology and has recently launched its in-house, self-booking tool ‘ViatiQ’, which provides online customers with a platform to access the company’s propriety reservation system," said Fred Stratford, CEO, commenting on Reed & Mackay's commitment to delivering the latest technology trends on the market. 

He added that the creation of operations in Aberdeen meant the company had witnessed an increase in demand for services from the oil and gas sector. 

More:

BrandFuel reports 246% profit increase

Team Spirit reveals rebrand amid plans to double turnover

Absolute Corporate Events reveals 78% gross profit increase

• For more breaking news, as well as in-depth features and case studies, sign up to C&IT Magazine's daily Newstracker here


Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
8 activities in... Mauritius

8 activities in... Mauritius

Home to white sands, rum punch, high-octane water sports and natural wonders.

Government offers £250,000 to boost broadband in conference venues

Government offers £250,000 to boost broadband in conference venues

Conference centres across the UK can apply for new funding to improve broadband and attract more international business.

Why influencers are a big part of Las Vegas' MICE strategy

Why influencers are a big part of Las Vegas' MICE strategy

Las Vegas Convention and Visitors Authority's new MICE manager discusses influencers and why hotels within hotels are the latest trend.

In pictures: Hilton Garden Inn opens in Lithuania

In pictures: Hilton Garden Inn opens in Lithuania

The Hilton Garden Inn Vilnius City Centre has events facilities and a rooftop terrace and is the brand's first property in the country.

48 hours in Zagreb

48 hours in Zagreb

A two-day incentive itinerary in the capital of Croatia, from Esplanade Zagreb Hotel to a culinary workshop at Dolac Market.

Brand experience trends from around the world

Brand experience trends from around the world

From borderless marketing campaigns to hyper-personalisation, INVNT's leadership team share their insights.

3 ways event planners can find that creative spark

3 ways event planners can find that creative spark

Artist Phil Hansen, MPI keynote at IMEX America, explains how embracing your limitations can inspire new kinds of creativity.

Case study: KFC's RGM Fest

Case study: KFC's RGM Fest

The fast food giant worked with ITG to give its annual event for general managers a festival theme.

First pictures: Guitar Hotel set to open in Florida

First pictures: Guitar Hotel set to open in Florida

The $1.5 billion expansion of Seminole Hard Rock Hotel & Casino Hollywood opens in October with a 'lagoon' and overwater cabanas.

Experts debate whether agencies should charge for pitching

Experts debate whether agencies should charge for pitching

GOTO Events, DRPG, First Event and Clive discussed pitching strategies and the costs involved in big proposals.

LATEST JOBS