Banks Sadler Group profits up

Event management company Banks Sadler Group has
announced a 12 per cent increase in gross profits.

The news comes amidst difficult trading conditions
for the company, which saw a nine per cent decrease in turnover in 2008.

Banks Sadler’s CEO,
Leigh Jagger, says: “Towards the end of 2008, we saw a number
of clients cancel events and cut travel and meeting spend overnight
so we are satisfied with our overall results. 

“There is no doubt that
difficult first year trading conditions for our European offices in 2008
hit our bottom line harder than initially forecast but we believe we are now a
truly European player capable of delivering the coverage and service that our
clients demand both from an event management and venue-finding
partner. Ultimately this with be key to our future growth and we
are already reaping the rewards.”

Last month Banks
Sadler secured its first global client account servicing 60
different countries. “Account teams are currently being set up in each of
its 4 offices to service this account,” he adds.

Banks Sadler says the volatile
economic outlook meant it was difficult to speculate on future performance but
early indications showed that the European offices were now establishing a
strong and healthy pipeline for 2010 and the UK market had now stabilised. 

Banks Sadler has offices in London, York, Poland, France
and Germany
and event and venue management services including venue finding, hotel
reservations, corporate travel and event management.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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