Sign in or Register | Newsletter
 
 



Register today to receive each issue absolutely FREE!


Event Sales Executive
Wimbledon

Head of Sales
Manchester

Exhibition Coordinator
South Bucks

Head of Exhibitor Sales
Silverstone Drive, Coventry

Event Senior Sales Executive
Wimbledon

Marketing Executive
Daventry, Northamptonshire




Marketing and event specialist, UKFE tells EN how its inaugural...


Richard Dove from Showplans Technology Group, explores the changing...


Event organisers are harnessing the power of telemarketing to...


Many organisers have dipped their toes in Africa’s water, the...


Darren Poultney, managing director of Smart AV, talks to EN about the...


Jamie Vaughan managing director EMEA of Eventbase tells EN how a...

Exhibition News July 2015
July 2015

Read it online
now for free!

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

Hundreds of exhibitors have hailed FaceTime’s latest National Exhibitor Masterclass a success.


Key appointments for Fresh Montgomery
posted on: 3/7/2015 11:00:57
Fresh Montgomery has announced a series of senior appointments for its International Food and Drink Event (IFE).


N200 has launched a new app to give users mobile access to its popular event analytics platform Visit Intelligence.


Manchester Central has achieved the international standard for quality management systems, ISO 9001.


Countdown to Sticky Wicket 2015
posted on: 2/7/2015 11:05:18
Events industry website supplier ASP has stepped up to the crease to support charity cricket match Sticky Wicket for 2015.