Without sounding like a stuck record, we are delighted to be able to report another record year of results here at BI WORLDWIDE, following record sales in the last financial year ended 30th June 2013. Pre-audit results highlight another year of strong growth with double digit increases in turnover, gross profit and profit before tax.
Despite the relatively weak economic environment, all areas of the business improved year-on-year, with the headline improvements being:
- Profit Before Tax up 15% to £808k
- Gross Profit up 20% to £8m
- Turnover up 21% to £23.5m
Growth came from existing clients as well as new business wins in the year, and from all areas of the business – events, employee engagement, recognition and sales incentives. The events business grew by 21% and saw an increase in the number and value of events operated for existing clients, and new client wins in the year adding high end incentive travel and conference events.
Mike Davies, managing director, comments “I am delighted for all our associates to end the year with a record set of results. It is testament to the exceptional levels of commitment and service we provide to all our clients, and it is great to see improvements right across the business, but especially in our core area of incentive travel and events. We have grown existing client business, had some great new client wins, especially in the automotive sector, and seen a strong performance in our international reward programmes. Our investments in technology and associate development are paying off, something I expect to continue in the coming year, especially as we are already seeing growth of 13% year-on-year, putting us in a very strong position to achieve this year’s goals.”