Performance & Event Management lowers profit expectations

Performance & Event Management saw its gross profits double to £170,155 in 2008, according to new figures posted at Companies House.

The agency, set up by industry veteran Steven Pinnock three years ago, also increased its net profit from £1,911 in 2007 to £11,246 in 2008. However, Pinnock remains cautious about the outlook for 2009.

He said: "Last year was a fantastic year, when a lot of the work we did in building relatins during our first two years came to fruition. A lot of the business we booked in 2008 was also carried through into the beginning of this year so we had a busy start but I'm not expecting to see final figures for 2009 like we had last year. I think our results will be lower than last year but it certainly hasn't been as bad as it could have been."

Incentive business had fallen but conferences for sectors such as IT had held up well, he said.

Pinnock, who previously held senior roles at P&MM and Ambro, said his agency had benefited from being small and flexible, with only two permanent staff.

"It's a big advantage at the moment," he said. "We are a small operation and we can adapt quickly to the needs of our clients."

 

 

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
How to stop fake news ruining your event

How to stop fake news ruining your event

False information travels much quicker than the truth so make sure you're ready to act fast, says expert at IBTM World in Barcelona.

Tips for succeeding in a crisis from Thailand cave rescue diver

Tips for succeeding in a crisis from Thailand cave rescue diver

British cave diver involved in the 2018 Tham Luang rescue explains how he solves problems in steps and stays calm under pressure.

4 days left to answer our corporate event planner survey and win a luxury hotel stay

4 days left to answer our corporate event planner survey and win a luxury hotel stay

Complete our quick 10-minute survey to win a stay for two with Iconic Luxury Hotels and inform our State of the Industry report.

SDI Meetings and Incentives appoints new president

SDI Meetings and Incentives appoints new president

Chicago-based agency makes leadership change but former president will continue in role as company founder.

8 essential steps for event marketing

8 essential steps for event marketing

Delegates at IBTM World in Barcelona got some tips from MPI to create a smart promotional strategy.

The unstoppable growth of esports events

The unstoppable growth of esports events

CEO of Excel Esports explains why the audience for gaming and esports events is only getting bigger.

New head of live events for HGA

New head of live events for HGA

Manchester-based events agency makes several appointments after a year of record revenue.

IBTM World Trends Watch 2020: 'The changing face of delegates'

IBTM World Trends Watch 2020: 'The changing face of delegates'

Report identifies global MICE trends in areas such as technology, sustainability and incentive travel.

In pictures: Villa Copenhagen opening in 2020

In pictures: Villa Copenhagen opening in 2020

Central post office built in 1912 has been restored to house the new 390-room hotel that can host events for 1,200 attendees.

Strata brings in a dozen new recruits

Strata brings in a dozen new recruits

Agency hires 12 people across all departments, including client services director Laura Awcock.

LATEST JOBS