Can we reduce the risks when firms go bust?


Ben Gray offers his CYE Group resource to help myvenues clients who may have lost out due to the company’s sudden closure

We were recently saddened by the news that the former venues news portal, myvenues has been taken into receivership.

This was for three reasons; first, because, at chooseyourvenue.com, we never like to see a fellow West Country based business that has served many clients diligently, fail. Second, because reports covering the demise of myvenues suggest that many industry businesses that have invested in services from the company may now be left out of pocket. Finally, because it highlights the continued difficulties the industry faces in these post-recession years, despite working hard, alongside our clients, to create innovative solutions that kept costs low and results high during the recession.

I’m wondering whether the attitude that got many of us through the recession can be used to take us to a stronger position beyond it. Clearly, there will be economic shocks from time to time, whether we’re in recession or not, is it time we, as an industry, did a bit more to look out for each other?

There’s no doubt that the industry’s vast pool of talent is one of its core advantages, so what more can we do to protect this and make it stronger?

I’d like to play a part in reducing the risks for our colleagues in the conference, meetings and events industry. We’re already notifying the industry of venue scams – disingenuous event enquiries that seek to rip off venues by stealing their confidential data such as bank details. – now we have proposition for myvenues clients: CYE Group will use the resources we have to help those affected by the closure of myvenues. We’re treating each case independently, based on the level of loss they face. I’m hoping we can create solutions for all of them that will more than compensate for the opportunity missed and financial costs lost by the myvenues closure.

My message to them is contact me or my team, we are here to help and we can make a difference.

ConferenceNews Guest Author

Conference News hosts great guests on its pages. Our Blog section is the collection of the best opinions in the UK and international events industry.

ConferenceNews Guest Author

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ConferenceNews Guest Author

Conference News hosts great guests on its pages. Our Blog section is the collection of the best opinions in the UK and international events industry.

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