Absolute Corporate Events predicts 28% profit growth for 2015

Absolute Corporate Events has forecast a £620,000 gross profit for 2015, a 28% increase on last year.

Absolute Corporate Events' Chris Parnham
Absolute Corporate Events' Chris Parnham

The agency, which has just launched a new website, has predicted an overall turnover of £4.5m, up from the £4m reported in 2014. In line with the growth, which is down to new client wins and extended services, the company has hired two new apprentices and will be looking to expand its team further in the next few months.

"We’re expecting a further 50% rise in turnover for 2016, with the majority of our growth focused on incentives and conferences," said Chris Parnham, managing director of Absolute Corporate Events. "We’ve had a huge demand for Barcelona as a destination for conferences, while our incentives are scattered all over the world. We’re really excited about the growth and the fact we’ve managed to achieve all our ambitions year-on-year so far."

More:

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