Exhibition and conference producer ITE Group achieved the highest gross profit out of 200 agencies in 2012 09/04/2014 Pictured: M&IT’s new Event Agency Analytics online database offers real-time information
The top five performing event agencies in the UK recorded a combined gross profit of more than £245m in 2012, having enjoyed collective growth of more than 18 per cent on the previous year.
The figures are revealed by M&IT’s new Event Agency Analytics online real-time database that aggregates and compares Companies House financial data for more than 200 meetings and events companies.
London-based ITE Group, which produces 230 annual exhibitions and conferences worldwide, filed the highest gross profit of £77.6m – head and shoulders above the industry average of £7.8m. Carlson Wagonlit UK ranked second with £67.5m, followed by Reed Exhibitions (£40.5m), The Grass Roots Group UK (£30.7m) and Motivcom (£29.3m).
Other key performance indicators by which companies are ranked include gross profit margin, total net assets, turnover, profit before taxation, staff costs and staff numbers. This enables the user to benchmark agencies’ trading performance over the past three years, keep track of which agencies are growing and which are shrinking, which is charging the highest gross profit, which have the strongest balance sheet. The data is constantly updated, providing current data 365 days of the year, and users can create bespoke reports.
League tables show Carlson Wagonlit is the number one employer in the industry with 1,251 staff members employed in the UK, compared with an industry average of 160 people, while IIR Exhibitions (a subsidiary of Informa PLC) boasts the highest amount of net assets out of all the agencies, at £272m. The industry average is £5.2m.
Event Agency Analytics will be useful to corporate and association buyers looking to recruit third parties to organise their events, agencies so that management can benchmark their performance against competitive sets and suppliers so that they can identify which agencies they should target for business.
For further information visit: www.meetpie.com/AgencyAnalytics