The Appointment Group records post-tax loss on turnover rise

The Appointment Group has recorded a loss after tax of £31,836 for the 2015 financial year, while turnover has grown by 16% to £17.8m.

Sam Robson of The Appointment Group
Sam Robson of The Appointment Group

The loss comes after amortisation and goodwill from previous acquisitions, including the purchase of ET Travel in 2014.


Top 50 agencies: The Appointment Group

The Appointment Group aims for 15% growth in turnover for 2016 


In addition to the rise in turnover from £15.3m to £17.8m, the global agency saw an increase in overall client spend from £127m to £133m. Operating profit was recorded at £2m, down from the previous year’s £3.2m.

Sam Robson, group events director UK, said the company had witnessed significant investment. "In addition to the acquisition of ET Travel, we’ve seen a great deal of expansion, launching offices in Singapore, Atlanta, and Nashville. This has been a hugely important part of our expansion plan, but the costs have been high and this has contributed to the lower operating profit."

She added that gross margins had improved, from 12.1% in 2014 to 13.5% in 2015. "We’ve also seen high spend on our TAG academy, where we take on graduates and invest in their training. We’ve expanded our team as a result of this programme but of course, this has been a cost to the business." 

More:

The Appointment Group opens Nashville office

Five Agencies to watch in 2016: The Appointment Group

The Appointment Group hires senior event planner to head up New York division

• For more breaking news, 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
Inspirational Venues & Events hires operational director

Inspirational Venues & Events hires operational director

Inspirational Venues & Events has appointed Amina Bentamoune as operations director.

How to exceed expectations rather than budgets

How to exceed expectations rather than budgets

'The element of surprise costs no more than the predictable,' says Steve Pinnock of Performance and Event Management.

Hotels of Abu Dhabi

Hotels of Abu Dhabi

The Middle Eastern destination offers the ultimate in luxury, with sandy resorts by the sea, spacious meeting rooms and sumptuous dining.

Sleek Events hires new commercial director

Sleek Events hires new commercial director

Boutique events agency adds a new top-level member of staff following 'exponential growth' since 2015.

World's most 'in-demand' event destinations for 2019 revealed

World's most 'in-demand' event destinations for 2019 revealed

Spain, Thailand and China top the list for event planners, with growing interest in Peru and European destinations, according to Pacific World.

Why are there 'more women' in the events industry?

Why are there 'more women' in the events industry?

Heléna Vella, head of incentive travel at SevenEvents, discusses why diversity in the events industry remains a challenge.

Why 'edutainment' means more engaged delegates

Why 'edutainment' means more engaged delegates

Personal development expert Ross McWilliam examines ways of helping delegates get more from conferences.

In pictures: Great Agency Bake Off 2019

In pictures: Great Agency Bake Off 2019

Excel London hosted the annual GABO event, putting agencies baking skills to the test.

World's largest rooftop urban farm opening in Paris in 2020

World's largest rooftop urban farm opening in Paris in 2020

Farm on roof of Paris Expo Porte de Versailles exhibition complex will offer event space and team-building activities.

What now for visas, biometrics and the future of travel?

What now for visas, biometrics and the future of travel?

Applying for visas can be slow, painful and confusing - but is it about to get worse or can tech help make it easier?

LATEST JOBS