Sign in or Register
 
 
THE WINTER MASH-QUERADE PRESENTED BY MASH MEDIA
Register today to receive each issue absolutely FREE!


Exhibition Sales Executive
Wimbledon, London

Exhibition Sales Executive
Wimbledon, London

Senior Recruitment Consultant
Hertfordshire

Area Sales Manager
East Midlands/North East



EN discovers Millbrook is a diverse venue with added va-va-voom. ...

David Becker, co-founder of zkipster, talks to EN about audience...

Networking is one of the most important tools that a start-up...

Exhibition News October 2014
October 2014

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
New survey to look into industry partnerships
posted on: 23/10/2014 09:32:21
Have your say on the state of the organiser and contractor partnership by completing our new confidential survey.

The organiser of Timber Expo has said its latest exhibition was the most successful in the event's four-year history.

NEC to host new printing show
posted on: 22/10/2014 12:42:46
The Print Show, a new exhibition covering products including litho and digital print equipment will take place for the first time from 13 to 15 October 2015 at the NEC.

A brand new medical event and addition to the Clarion Events portfolio, Austere Medical Environments (AME), was held at Olympia London earlier this month.

Ocean Media has reported its National Wedding Show autumn season has closed on a high, attracting visitor growth across eight days in London Earls Court, Birmingham NEC and Manchester Central.