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


Sales Executive
Midlands

Sales & Project Manager
South East

Head of Shows Operations
Central, London

Sales Director
Central, London



Ian Taylor, NEC venue sales director offers some essential insight to...

EN catches up with Eventsforce CEO George Sirius as the event...

EN speaks to graphic design film industry specialists, What is Bobo,...

Exhibition News January 2015
January 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
New recruits for Guidebook
posted on: 27/1/2015 11:11:36
Mobile event app building and publishing platform Guidebook has expanded its team with the appointment of Isabel Yap and Katie Williams.

Event planning and production agency mclcreate has announced the launch of a new Delegate and Event Management division along with two new recruits.

Costs spiralling at new AECC venue?
posted on: 26/1/2015 15:52:17
A member of the Scottish parliament has raised the alarm over soaring costs at a planned convention centre.

London City Selection (LCS) has unveiled the theme, ‘Mods and Venue Rockers’ for its annual agent familiarisation weekend on 6-7 March.

The BBC Good Food Bakes & Cakes Show, launched last year by River Street Events at the BDC, is moving to Olympia West, it has been announced.