Events agency Zibrant has reported the “positive commercial climate” in 2014-15 has enabled it to share a six-figure bonus across the company’s employees.
Fay Sharpe, founder of Zibrant, has also taken a 10% investment stake in the company.
The agency says a year of new client wins and retention has enabled it to make the profit-share payment.
Founded in 1989, Zibrant was purchased by Nigel Cooper in 2014. The agency claims to have since grown its market share in the meetings industry, as well as widening its reach in the accommodation and exhibition sectors.
Zibrant also recently opened a London office at Excel.
Commenting on the acquisition, Sharpe said: “Zibrant is in my DNA and I’m delighted to be able to invest back into something that I started over 25 years ago and that I have seen develop into a market leader. My passion for the company, as well as the meetings industry, is no secret so, of course, I jumped at the opportunity to buy back in. I have the utmost confidence in the team and what we offer, so to me it made perfect sense to become financially involved again.”
She added: “2015/2016 is all about celebrating our people and the massive part they play in making us the company we are, hence the bonus they will all receive.”
Cooper said: “Fay and I have an incredible respect and understanding of how we both operate and it’s therefore fantastic to see her take a share-holding in the company. Fay is one of the most known and most respected figureheads in the meetings market and I’m delighted by what she has chosen to do. We have one of the strongest and most committed teams, and it’s gratifying for both Fay and I to reward them financially for their work and commitment to us over the last year.”