NYS Corporate sees profit boost after White Stuff and Whistles wins

Agency NYS Corporate has witnessed a 42% increase in profit, following client wins including White Stuff, Whistles, Manchester College and Chiesi.

Oliver Garside, NYS Corporate’s managing director
Oliver Garside, NYS Corporate’s managing director

The agency won more than £6.2 million of new business between April 2015 and March 2016, with an 18% overall rise in turnover.

Oliver Garside, NYS Corporate managing director, said: "I established ambitious business goals for 2015/2016, which included a 9% overall growth target for NYS, with a focus on expanding the MICE side of our service offering. The reality has far exceeded all expectations, with an 18% growth in turnover and 42% increase in profitability."

In total, NYS managed 201,000 transactions last year, a 3,000 increase from 2014.

With several tender processes underway, the team at NYS are working towards the long-term goal of a £50m-plus turnover by December 2017, up from the current £41m.

To facilitate this growth, Garside is investing heavily in the business: "Some of the major investments we have made include a significant upgrade of our IT infrastructure and a major expansion of our in-house development team," he said. "This has already resulted in the launch of Sbooker – a new industry leading meetings and events booking tool – as well as a number of innovative apps and an exciting range of groundbreaking products in the pipeline.

"We have also significantly expanded our staff training budget to ensure we remain a leader in customer service, created specialist training posts and 'technology gurus' and invested in a new telephone management system. With these advancements and more in place, we are well-equipped to break records next year, too."

More:

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New events agency launches in Monte Carlo 

AddingValue moves offices in line with expansion 

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