Absolute Corporate Events (ACE) almost doubled its turnover last year, to £6.3million, and increased its gross profit by more than 25% to £795,000.
It expects to increase turnover by a further 10% this year and gross profit by another 35%. The largest growth area for the agency has been in event production and international incentives, with Asia and South America proving increasingly popular for conferences and incentives.
ACE also reports that the financial services industry has been the fastest growing sector for business over the past year.
Growth has led to significant investment in people and systems, with four more new starters this summer. Jamie Hunter comes fresh from venue group sales as a new business development manager for ACE, working for sales director, Jacquie Freer.
Georgina Williams joins as a new venues executive, coming from Ashfield World Events, and James Jackson joins as a new production assistant, bolstering ACE’s production service. Sarah Gibbs joins as a new finance executive, supporting ACE financial controller Charlotte Rowatt.
Chris Parnham, owner of ACE since 2013 said: "It’s absolutely terrific to see on-target growth for another year. The company now has 10 times the turnover it had when I took over four years ago, and more importantly we are lucky to have 10 times the experience and talent in a terrific team, now 20- strong.
"I believe we are crafting out a niche of tailored, focused and creative events that drive tangible change for their audiences. An event is a moment after which something should change. If nothing changes, then it’s not an event, it’s just a gathering."
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