The main conference management arm of Ipswich Town FC owner Marcus Evans’ network of companies has posted a near 50 per cent fall in profits.
In its latest accounts filed with Companies House, Marcus Evans reported a pre-tax profit of £270,677 for the year to September 30, 2011, down from £536,543 the previous year.
Turnover also fell, by nearly 20 per cent, to £9.3m, which the directors’ report attributed to a “recessionary market which has seen a reduction in the number of customer sales during the year”.
Gross profit (before administrative expenses) fell from £5.714m in 2010 to £3.636m.
Directors said the company’s performance was in line with management expectations. No dividend was recommended.
Staff numbers dipped slightly.
The directors’ report also reveals, however, that the company made political donations during the year of £19,939, compared with zero the previous year.
Evans’ business interests also include the theatrical agency Ken McReddie Associates and THG Sports, which specialise in hospitality at sporting and music events.
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