Conference Care records 92% profit growth

Venue-finding agency Conference Care has reported a 92% rise in profit for the financial year ending 31 March 2015.

Conference Care director Chris Peacock
Conference Care director Chris Peacock

The agency's profit for the year rose from £399,000 in 2014 to £764,000 in 2015, on a turnover of £2.87m in 2015, a rise of 41% from 2014.

Conference Care also registered a 39% rise in gross profit, from £2m in 2014 to £2.8m in 2015, while operating profit grew by 89%, from £514,000 to £970,000, in the same period.

Throughout the year, the principal activity for the company continued to be organising accommodation and venues for conferences. 

Director at Conference Care, Christ Peacock, told C&IT that it was a great year for the agency, which gave all of its staff a 5% pay rise in May as a result of strong financials.

He said: "This was a good year for us. I mainly put it down to some significant client wins in the healthcare and finance sectors, and some high-value special projects we did that were linked to major UK events. It’s particularly nice for us as this year was the agency’s 20th anniversary." 

More:

Former HBAA chair takes finance role at Conference Care

Conference Care grows with five new appointments

The Wage Debate: It's still an employer's market, says Conference Care

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