GES reports turnover and profit increase

Event agency GES has recorded a 9% gross profit and 8% turnover increase for the year ending 31 December 2016.

GES website
GES website

Gross profit rose from £21,057 for the year ending 31 December 2015 to £22,920 for the same period in 2016. Turnover was also up from £68,429 in 2015 to £73,894 in 2016.

The strategic report included with the accounts released on companies house, says that: "The market in which the company operates continues to be challenging as a result of continuous price pressure on core services in an extremely competitive market."

The report described how the increase in turnover was achieved.

It said: "This came from increased revenue from existing clients and new business, even though competition remains tough, with pressure on pricing.

"There has also been a focus on upselling to exhibitors and expanding into overseas markets."

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