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Banks Sadler CEO optimistic for seventh year of growth

Leigh Jagger says company growing in line with forecasts, following last year's 10 per cent rise in pre-tax profits
14/09/2016

Pictured: Leigh Jagger, Banks Sadler group CEO

Banks Sadler CEO Leigh Jagger says she remains cautiously optimistic the global meetings and event management agency will achieve a seventh consecutive year of growth in 2016.


The group CEO says the company continues to grow in line with expectations, following last year's 10 per cent rise on pre-tax profits, and will continue to work hard to meet clients' needs.


"We are still growing in line with our forecasts and remain optimistic that 2016 will result in a seventh consecutive year of growth but equally remain cautious that there are still many challenges ahead," she said.


"As we grow, we need to ensure a careful balance of meeting our client’s expectations, delivering more intelligent solutions, and simultaneously maintaining a sensible cost base."


It follows the group's strong financial results for 2016, which saw profits almost reach £1.5 million (up from £1.33m in 2014), in the same year the company also entered the Chinese market with a new office in Shanghai.


Jagger said Brexit had not had a noticeable impact on client behaviour, adding: "We feel confident that we should be able to absorb any significant operational challenges. We equally accept that certain legislation such as tax / TOMS could heighten this issue of change, but will remain flexible and adaptable in supporting all our clients around the world."


Speaking on 2015's results, Jagger explained the rise in administration expenses - which grew from £6.35m to £7m - as due to an increase in staff costs, with headcount growing 27 per cent. She said office moves in York and Windsor were responsible for other overheads growing modestly.


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