BCD Meetings & Events Ltd has reported a 300% increase in profits in 2017, when combined with figures from Zibrant Ltd, in its first full year of trading since acquiring Zibrant in July 2016.
In accounts filed at Companies House for just BCD M&E, operating profit has increased by 90%, from £165k in 2016 to £314k in 2017. Turnover went from £3,657,734 in 2016 to £3,824,275 in 2017.
However, when combined with the trading of Zibrant for the 12 months ending December 2017, the company has pre-tax profit of £2.4m (compared to £810k in 2016).
In December 2017, BCD M&E also acquired Grass Roots Meetings and Events.
Nigel Cooper, managing director of BCD M&E EMEA, said: "It has been an incredible year, we’ve grown as a business both physically and in our outlook which is underscored by these impressive figures.
"Of course the credit for this has to be passed to our people who have given their support, enthusiasm and passion to build the business. We have come a very long way and their commitment and professionalism has been the bedrock and cornerstone of our success."
In this year’s C&IT Top 50 event agencies, BCD M&E came fifth with figures including Grass Roots M&E.
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