BI Worldwide aims for 10% profit growth in 2016

Agency BI Worldwide is targeting a 10% growth in gross profit and a 7% growth in turnover for 2016.

Mike Davies, managing director at BI Worldwide
Mike Davies, managing director at BI Worldwide

Earlier this year, the agency announced its financial results for 2015, more than doubling its operating profit. It now plans further growth, intending to increase gross profit by 10%, from the £12.5m recorded this year to £13.8m in 2016. It also aims to grow its turnover by almost 7%, from £44.5m to £47.4m.

Bi Worldwide is targeting growth from new business wins, which delivered £1.5m profit in 2015. It intends to acquire a further £1.5m in new business in 2016.

The targets were revealed in the firm's strategic report, which was filed with its 2015 accounts at Companies House.

In the director’s report, managing director, Mike Davies, said: "2014/15 has been a year of outstanding growth with many of the strategies we set out over recent years continuing to bear fruit. The new financial year has started well and we are on track to achieve our goals in the year ahead."

The company has also been investing heavily in the last year, launching a content division and putting £1m into an office revamp and a renewed staff training programme. 

More: 

In Pictures: BI Worldwide partners with Marriott for training workshop

Case Study: BI Worldwide's F&B workshop at Le Manoir aux Quat'Saisons

Agency BI Worldwide doubles operating profit amid 'exceptional growth'

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