Sign in or Register | Newsletter
 
 
Register today to receive each issue absolutely FREE!




Richard Mann, market development director at the NEC asks who owns...

EN’s Annie Byrne meets River Street Events’ MD Laura Biggs who...

ASP trio Jon Benjamin, Arran Coole & Jon Small talk tech innovation,...

Exhibition News March 2015
March 2015

Report claims one in three exhibition companies running at a loss
posted on: 26/6/2012 09:30:17
plimsoll research

One in three companies in the UK exhibition services industry is running at a loss, highlighting the ongoing effect of tough economic conditions, a new report claims.
 
The new survey of 652 companies in the exhibition services space by Plimsoll Publishing in June found 221 are loss-making, with 120 making losses for the second or third year in a row.
 
“They are simply selling at prices their business cannot sustain,” report author David Pattison claimed. “They have put off making the painful decision that more prudent companies made a while ago.
 
“No one wants to trim costs, lay off staff, cancel dividend payments and the like but carrying on regardless is now unviable. They can no longer bury their heads in the sand.”
 
Pattison predicted a number of failures among the companies it identified as they ran out of time and cash.
 
“More and more companies are making a loss for the first time in their history. Many can rightly claim to be victims of difficult trading conditions,” Pattison continued. “A quick refocus on profitability would ensure this is an isolated occurrence.”
 
Despite this concern, a report from Plimsoll in February found the number of companies making a loss in the UK exhibition industry had fallen over the past year from a high of 307. The analyst group also reported 60 “high-profit” companies were averaging 20 per cent profit margins.
 
Got a story for Exhibition News? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
LiftEx and Ultimate Christmas Fair choose ECL
posted on: 27/3/2015 15:24:03
ACC Liverpool has confirmed three more bookings for its new exhibition centre, six months ahead of its September opening.

The Association of Event Organisers (AEO), Association of Event Venues (AEV) and the Event Supplier and Services Association (ESSA) have joined together to launch a three-year research study into the UK exhibitions and live events sector.

Organiser UBM has announced the formation of a new product group, UBM Life Sciences, which will operate within the UBM Americas division.

AEO extends N200 partnership in 2015
posted on: 26/3/2015 10:28:31
The Association of Event Organisers (AEO) has renewed its partnership for 2015 with event registration, ticketing and data intelligence business, N200, a GES Global Company.

North London venue Alexandra Palace has been awarded £18.8m funding from the Heritage Lottery Fund (HLF), towards a major regeneration project.