Profit rises at Worldspan after increased investment

Most recent financial year included a new Liverpool production hub for the event agency.

Worldspan's new Liverpool office
Worldspan's new Liverpool office

Worldspan has reported a strong year of growth, in results filed with Companies House. 

Gross profit has risen 7.9%, from £2.2m last year to just under £2.4m for the financial year ending 30 June 2019. 

This marks a second consecutive year of growth for Worldspan, with increased profit primarily coming from increased sales.

Worldspan also had higher overheads last year, having increased investment in staff costs with additions to the sales team, a new live production team and additional administrative support, as well as a new creative production hub in Liverpool.

"We are delighted to have recorded another year of strong growth, with a near 8% increase in gross profit to £2.4 million, and a 45% increase in operating profit," said Jason Wilcock, chairman at Worldspan. 

"Once again, our team delivered true excellence for our clients around the globe and across a wide range of corporate, PCO, creative and live event projects. 

"We opened our fourth UK office in Liverpool, as our creative production hub. Our in-house AV & creative production offering has been incredibly well-received, by both new and existing clients, and we have already expanded our Liverpool team, with further recruitment underway.

"As we reach the half-way point of our current financial year, we remain committed to long-term growth and investment in our team, and our agency as a whole, especially as we move towards celebrating our milestone 50th year in business, in 2022."

Worldspan's turnover meant it ranked ranked 39th in C&IT's Top 50 UK Agencies of 2019. 

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