GrassRoots EventCom reports £1.6m profits

The Meetings, Events and
Communications division of Grass Roots has announced £1.6 million profits before
tax for the 2008-2009 financial year.

Grass Roots posted £42
million in client event fees for the financial year, handling 4,200 meetings and
events and 175 communication projects. The agency reports issuing 6,900
scheduled and 6,200 private charter airline tickets over the
period.

One year on from the
agency’s rebrand, which saw the UK companies Grass Roots EventCom Ltd, Grass
Roots HBI Ltd, Grass Roots DMS Ltd and Grass Roots Live Ltd  brought under the
same division, head of global events Nick Bender says: “Trading is always
difficult in a recession but I am very pleased with our results. Our current
financial year (July 2009-June 2010) continues to be challenging as reduced
budgets come into operation.  However, we are seeing a healthy pipeline for the
latter part of 2010 and into 2011 which is very encouraging, and I am confident
we will soon return to increased profitable growth.”

In the first six months
of the year Grass Roots reports the acquisition of 22 new events and
communications clients, including Biogen, Pfizer, BP Castrol and the Learning
Grid, as well as being awarded several multi-year contracts and preferred
supplier status.

“Plans for the coming
year include the delivery of a rigorous Preferred Supplier/Partner Programme,”
says Bender, “with the aim of providing our clients with the best
supply chain in the industry, continued enhancement of our Healthcare
team and further expansion of
the business globally, notably in Asia-Pac and North
America.”

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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