Turnover soars by 48% at Touch Associates

Leatherhead-based events agency notes a 'significant uplift' in business for the year, in which 30 new staff joined.

The Touch board
The Touch board

Events agency Touch Associates’ turnover has increased 48% year-on-year to £41million up by more than £13m from £27.7m in 2016.

In a year that saw the company invest in new headquarters in Leatherhead, Surrey, operating profit also grew 95% to £2.5m and the average number of employees was up 64% on previous year to 113 employees by the 31 December 2017.

In March 2017, Touch merged with Milton Keynes-based agency dbmt, following record turnover in 2016.

A statement from the directors said: "The figures show a significant uplift in business for the year. What is particularly encouraging is that our strategy to support the general event management business by introducing and expanding the provision of higher-value services, such as content support and audience engagement, is increasing the margins achieved throughout much of the business."

The agency also highlighted its growth in international markets. "Our commitment to have long-term sustainable growth in the USA as well as the UK is working, with the successful addition of another US-based key account with a three-year master service agreement.

"As well as growing our primary business within the healthcare and automotive sectors, we have added the financial sector as an important part of our growth plan, while also broadening the client spread. 

"We have recruited more than 30 new hires in this period alone and made a substantial investment in our new headquarters in Leatherhead."

Last year also saw Touch add a "dedicated director at board-level to head up our Brand Engagement and Creative Engagement team."

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