Banks Sadler reveals 10% profit increase

Events agency Banks Sadler has revealed unaudited results that show an improvement in profits from £1.5m to £1.6m for the year ending 31 October 2016.

Banks Sadler team
Banks Sadler team

Figures also show a 22% increase in comparable gross margin from £10.9m to £13.3m, representing record results for the seventh consecutive year.

Commenting on Banks Sadler’s growth, Leigh Jagger, chief executive officer said: "This has been another great year.  Our international subsidiaries are now contributing significantly to our profits and despite heavy investment in the back half of 2015/16 in senior headcount within the group, we have yet again been able to post exceptional results.  Our business has not only improved its performance in terms of profit, but is also more efficient than ever before. Huge thanks has to go out to our brilliant teams across all of our offices who have worked exceptionally hard to deliver these impressive results.

"We’re in a great place to capitalise on this investment in 2016/17 and have had a strong start to our year, with multiple client extensions and new signings.  This all bodes well for us to continue what has been an impressive run of ever-increasing performance."

See more on Banks Sadler:

Banks Sadler appoints new global sales director 

Top 50 agencies: Banks Sadler 

Five agencies to watch in 2016: Banks Sadler 

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