BI Worldwide's turnover grows to £55.2m

Agency reports a healthy year 'operating in a positive economic environment' and is well placed for growth.

BI Worldwide's homepage
BI Worldwide's homepage

BI Worldwide, an agency specialising in event management, incentives and employee engagement programmes, has reported an increase in turnover for the financial year of just under £10m.

This year, its turnover was £55.2m (up from £45.2m last year) and gross profit increased to £16.2m.

"In 2016/17 the business continued to focus on our core deliverables in events and performance improvement," said the director’s report. "Revenue from events grew by 57% to £14.6m, as a result of new client wins and the expansion of our events production business.

"Gross profit increased by 15% to £16.2m and operating profit increased by 22%.

"The directors believe that with the development of new business, combined with investments in developing our thought leadership in behavioural economics and product development during the year, we are ideally placed for growth in the medium- and short- term."

However, the statement also sounded a small note of caution as the still unknown outcome of Brexit looms on the horizon for the industry.

"The economic environment in which we operate remains positive, although we’ll continue to monitor this closely given the current economic business and economic uncertainty as the details of the UK’s exit from the EU are worked out," said the report.

The company was also awarded silver accreditation from Investors In People last year and will "be looking to improve on this and achieve gold accreditation by 2019," said the report.  

 

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