Edinburgh venue Surgeons’ Hall has reported the best business year in its 511-year history, with the commercial arm of the institution achieving a turnover of £4.25m. The figure represents at 20% increase on the previous year.
The venue’s events team attributes the success to new business opportunities being realised to support the ancient institution.
The Commercial Enterprise team, which manages all activities held within the College Campus, ploughs all profits back into the College’s charitable works in education, assessment and advancement in surgery.
Commercial director at Surgeon’s Hall Scott Mitchell, said: “These performance figures are no fluke, but the culmination of 10 years of creative thinking, careful planning and painstaking delivery.
“This shows what a masterstroke it was to set up a dedicated commercial arm of the college 10 years ago. We are now seeing that coming into its own. However, we won’t be resting on our laurels and will keep innovating and evolving.”
Commercial Enterprises manages events across the college’s buildings, which include the King Khalid building and the modern Quincentenary Conference Centre, created to celebrate the institution’s 500th anniversary.
The team also manage the four-star, 77-bedroom hotel, Ten Hill Place, and other highlights contributing to the financial figures include the opening of the new Prince Philip Building in May 2015. The former, run down university language school underwent a £1.5m restoration and was opened by the Duke of Edinburgh. It is now a popular venue for weddings.
The financial year saw Surgeons’ Hall cater for 500 events, including its biggest ever medical conference, while also playing host to 16 Christmas events, accounting for almost 1,600 covers.
Surgeons’ Hall also opened as a Festival-Fringe venue last August and its seven theatres played host to 80,000 customers, while also delivering significant food and beverage sales.
Mitchell added: “There is a fantastic spirit in the team and now we are all looking forward to 2016-17 and to delivering even better experiences to our customers and even better financial results.”
A new Scottish experience night, Slainte at Surgeons’ Hall, is soon to be launched, and designed to open up the building’s historic Playfair Hall to around 16,000 tourists from May to September.
The Royal College of Surgeons of Edinburgh is one of the world’s oldest medical institutions and was founded in 1505.