Worldspan records nearly 18% increase in operating profit for 2018

Agency based in North Wales reports strong year including opening its third office in Manchester.

Worldspan has recorded an increase in operating profit of 17.6% for 2018, in figures soon to be filed with Companies House.

The Wales-based event management agency saw operating profit increase from £173,900 in 2017 to £204,587 for the year ending 30 June 2018.

Gross profit also rose 12% from £1.97m to £2.21m, while there was a slight increase in overall turnover from £6.14m to £6.27m (up 2.11%).

"Once again, our exceptional team delivered excellence for our clients across a wide range of event, creative and digital projects," said Jason Wilcock, chairman of Worldspan.  

"We were delighted to report a 12% increase in gross profit and a near 20% increase in operating profit; a strong performance against a year of political and economic turbulence."

One of Wilcock’s highlights of the year was retaining the Investors in People Gold Award and successfully producing the company’s 5,000th live client project in May - a global networking summit for a longstanding client.

The agency also opened its third office, in Spinningfields, central Manchester.

Wilcock added: "As we reach the halfway point in our current financial year, we remain committed to growth and investment in our team and our business."

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