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IMEX organiser salutes "excellent" year after £1million turnover boost

However, profit at Regent Exhibitions was down £1m due to the dissolution of an Employment Benefit Trust
05/07/2016

Pictured: Ray Bloom

IMEX organisers Regent Exhibitions saw turnover rise by more than £1m to £23.1m in 2015.

Pre-tax profit at the Brighton-based firm fell by almost £1m to £3.54m, largely due to a £1m cost related to the dissolution of an Employment Benefit Trust. This meant that the total comprehensive income for the year was £2.3m, down from £3.3m in 2014.

Chairman Ray Bloom said: “The results are excellent, absolutely in line with what we hoped for. I think it speaks for itself. HMRC advised us to dissolve the Employment Benefit Trust, which brought in the cost this year. We’re very pleased with the results and the shows went very well.

“We’ve had Frankfurt already this year and it was very successful, and now IMEX America looks as if it’s growing again in October. The registration for the hosted programme is going really well and it looks as if the show will be the largest ever.”

Gross profit at the firm was also up year-on-year, from £9.1m in 2014 to £9.7m in 2015, as IMEX in Frankfurt recorded its largest show to date in 2015. 

The directors’ report states that “20 per cent of returning exhibitors chose to increase their stand space and there were 55 new stands. In total, close to 3,500 exhibiting companies attended, representing over 150 destinations. In addition, over 62,000 business appointments took place over the three days of the show.

“IMEX America 2015 was the largest show to date with a 5 per cent increase in booth space and a 6 per cent increase in exhibiting companies. Total participants increased by 4 per cent, including hosted buyers.

“There was a 7 per cent increase in pre-scheduled appointments to 57,000, plus 9,700 buyers took part in group appointments. 51 per cent of appointments were made using profiles – a new feature of the IMEX website.”

During the year the company made a £1m donation to the Bloom Foundation, which supports a number of charities.


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