Agency Focus: 10 minutes with ... Black Tomato

Founder and director Matt Smith talks to Leanne Bell about the agency's plans for 2009.

Black Tomato
Black Tomato

- Location

Shoreditch, London

- Staff

25 full-time employeees, plus occasional freelancers according to need.

- What's the lowdown?

The young agency has grown its C&I offer by bolstering its team with additional staff, and achieved significant business wins in the FMCG sector. This year, it also moved office from Putney Bridge to Shoreditch.

- How's business?

Agency founder and director, Matt Smith, says business is going strong. It achieved revenue of £3.5m in the year end to December 2007 on the C&I side of the business. Smith forecasts revenue to be up 50% by the end of this year, which he says is an achievement given the challenging financial situation worldwide. "We have a clearly targeted sales strategy for the industry sectors that we work in and have expanded it into new ones," he says. In 2008, the company recruited seven new staff to handle C&I work, taking the total to 13.

- What are your financial targets for the next year?

Black Tomato is holding off setting firm financial targets due to uncertainty about the global economy. Smith says: "We haven't pinned down exactly what we are looking to achieve because there has been a lot of change over the past three months in terms of client budgets. In any normal year, the targets would be done and dusted. It will be another growth year but probably not as aggressive as 50%."

- What's your growth strategy for 2009?

"The main things are winning new accounts and introducing a fuller range of our services to existing clients," says Smith. "Our sales team will go out and talk to people to raise awareness about Black Tomato. We are trying to put in as many pitches as possible as we have a good conversion rate."

- Event highlights for 2008

An incentive to Istanbul for a building sector company's 300 dealers, which include chartering a private plane, five-star accommodation and day excursions. Also a client entertainment and conference event for a telecoms firm saw 80 delegates fly to Beijing, with a gala dinner at the Great Wall and a visit to the Forbidden City among other activities.

- What industries have strong business potential in the current climate?

Smith believes the insurance, law and FMCG markets still look promising at this stage. "We think these industries will be slightly less badly affected by the world's sensitive economic situation," he says.

- Currently pitching for

A Las Vegas incentive programme for a retailer that will involve around 360 delegates, a New York weekend incentive in February for 60 guests of a technology distributor, and board meetings in Dubai/Abu Dhabi for TV channels, which will include travel by Rolls Royce and seaplane in March.

- How will global financial troubles impact on the industry?

"There will be fewer events out there as client budgets decrease, so we will all be fighting harder to win new business," predicts Smith.

- Expansion plans

The agency is opening an office in New York early next year. "We will definitely be pushing our C&I services there," says Smith. If this is successful then - longer term - the possibility of openings in Sydney, Cape Town, Moscow and Beijing would be investigated.

- Dream client

Smith says: "Probably Diageo because it has a great portfolio of brands and it's always forward thinking."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Furlough: The new F-word

Furlough: The new F-word

Recently furloughed creative director Dave Leong explains the thinking that’s helping him navigate tricky times.

‘Virtual event providers have been opportunistic’

‘Virtual event providers have been opportunistic’

Think carefully about going virtual if your event can be postponed to later in the year, says Shaumik Saha from Stride Plus Events.

Events company helps build temporary hospital in Berlin

Events company helps build temporary hospital in Berlin

PRG's teams in Germany and the US are supporting health workers on the frontline in the fight against COVID-19.

LIVE UPDATES: Which international events are being cancelled

LIVE UPDATES: Which international events are being cancelled

All the latest postponements and cancellations as the world deals with the spread of coronavirus.

How venues can rise to the challenge of coronavirus

How venues can rise to the challenge of coronavirus

Be flexible with your payment terms or cancellation policies, says Katie Roberts at National Museums Liverpool.

Dear C&IT: Mental health first-aiders could help events staff in need

Dear C&IT: Mental health first-aiders could help events staff in need

Two readers call for a greater focus on mental wellbeing in the events industry.

Zoom responds to privacy and security concerns

Zoom responds to privacy and security concerns

The video conferencing app is under scrutiny as its popularity surges during the coronavirus pandemic.

How to make your events business more resilient

How to make your events business more resilient

Sun Tzu and Charles Darwin gave some advice that still rings true today, says Aonia’s CEO Daniel Chua.

'Small, medium or large - all agencies will be feeling the same shocks'

'Small, medium or large - all agencies will be feeling the same shocks'

Cheerful Twentyfirst boss talks about the challenges of going through an acquisition in the middle of the coronavirus crisis.

How can the events industry recover from the impact of coronavirus?

How can the events industry recover from the impact of coronavirus?

Nearly 2,000 event professionals contributed to C&IT's Impact of Coronavirus Report and gave their thoughts on what the future holds.