Jack Morton cites accountancy changes for profit rise

Jack Morton Worldwide said a change in the company's financial structure was the reason for pre-tax profits leaping to £5.7m in 2008.

Julian Pullan of Jack Morton Worldwide
Julian Pullan of Jack Morton Worldwide

The group's 2008 accounts, lodged at Companies House, show that it recovered from a £3.6m loss in 2007.

Jack Morton Worldwide managing director Julian Pullan said the change was due to debts of £3.3m, belonging to dormant companies within the group, being written off during 2008, and £2.2m subsequently being restored to the company accounts.

Pullan said a rise in turnover from £31.7m in 2007 to £42.9m in 2008 proved that the performance of Jack Morton Worldwide had achieved a healthy performance.

"We should focus on top-line figures," said Pullan. "Even in 2007, we had a healthy asset position and that improved in 2008."

Top-line performance had remained steady in 2009, said Pullan. "We have picked up several new clients in recent months and we are in discussion with others. For 2010, we are forecasting growth but 2011 is still when we expect to see significant improvement."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Double sunrise: Would you book a 19-hour flight?

Double sunrise: Would you book a 19-hour flight?

After Qantas trial flight from London to Sydney lands, we ask event planners what they think.

Science Museum unveils new event space within medical exhibit

Science Museum unveils new event space within medical exhibit

Exhibition opens for drinks receptions and events amid one of the world's largest medical galleries as part of £24m refurb.

Venue of the Week: Adare Manor

C&IT's 2019 A-Listers were treated to a stay at the luxury Irish getaway on an 842 acre estate in County Limerick.

7 lessons for event planners from... the John Lewis Christmas ad

7 lessons for event planners from... the John Lewis Christmas ad

Everyone's nightmare is a fire-breathing dragon near a highly flammable Christmas tree, isn't it?

Biggest food and drink trends of 2020 revealed by hotel group

Biggest food and drink trends of 2020 revealed by hotel group

Black pepper ice cream, fermented foods and Levantine cuisine are among the culinary treats predicted to be popular.

What are Generation Z's top travel destinations?

What are Generation Z's top travel destinations?

In-depth analysis unearths the future of travel in a global survey of 10,000 young people in the US, UK, Europe and China.

Case study: Nickelodeon Kids' Choice Awards

Case study: Nickelodeon Kids' Choice Awards

Pop star Jason Derulo hosted the televised award ceremony at Abu Dhabi National Exhibition Centre.

Influx of association conferences for ACC Liverpool

Influx of association conferences for ACC Liverpool

Venue is set to host three major association conferences for the first time, while confirming return of several others.

3 simple ways to disrupt events

3 simple ways to disrupt events

Many planners mistakenly over-complicate their events, according to Scott Stratten, co-author of UnMarketing.

Answer our corporate event planner survey and win a luxury hotel stay

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.

LATEST JOBS