Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 9°C

Search

Suffolk: Fall in profits at Marcus Evans conference company

09:22 01 March 2013

Profits have fallen at the conference business of Ipswich Town owner Marcus Evans

Profits have fallen at the conference business of Ipswich Town owner Marcus Evans

THE main conference management arm of Ipswich Town FC owner Marcus Evans’ network of companies has posted a near-50% fall in profits in its latest annual accounts.

$element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value

In accounts newly filed with Companies House, Marcus Evans Ltd reported a pre-tax profit of £270,677 for the year to Sepember 30, 2011, down from £536,543 the previous year.

Turnover also fell, by nearly 20%, from £11.519million to £9.311m, which the directors’ report attributed to a “recessionary market which has seen a reduction in the number of customer sales during the year”.

At an operating level, gross profit (before administrative expenses) fell from £5.714m in 2010 to £3.636m and the company’s gross profit margin fell from 50% to 39%.

However, judged against key performance indicators of the number of attendees or delegates at its events and the number of events held, the directors says say the company’s peformance was in line with the expectations of its management.

As was the case the previous year, the directors do not recommend the payment of any dividend.

The directors’ report also reveals, however, that the company made political donations during the year of £19,939, compared with zero the previous year.

Besides Marcus Evans Ltd and Ipswich Town FC, Mr Evans’ business interests also include the theatrical agency Ken McReddie Associates and THG Sports, which specialises hospitality at sporting and music events.

Search hundreds of local jobs at Jobs24

$element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value $element.shareHTML.html.value

0 comments

Buttermarket Ipswich.

Ipswich has been hailed as a great place to do business after the Buttermarket Centre was sold in a multi-million pound deal even before the final pieces are put into the redevelopment jigsaw.

Graham Kill, chairman of IoD Suffolk.

Suffolk-based enterprise agency Menta has hailed the success of a partnership with the county branch of the Institute of Directors which offers the owners of growing firms access to free advice.

The British Sugar beet sugar factory next the the River Yare at Cantley.

Picture: James Bass

The end of EU quotas could allow East Anglia’s sugar beet industry to ramp up production by 50pc and boost its already-significant role in the region’s rural economy.

A file picture from 2012 of a prisoner repairing a pair of shoes at a Timpson training academy. 
Picture: ANTHONY DEVLIN/PA WIRE

Retail entrepreneur James Timpson, whose family business has a record of working successfully with offenders, is to share his knowledge of prison reform at an event being held to raise money for the Ipswich-based charity Ormiston Families.

Jack Knights, Connor Carlin and Kenneth Hammond


By Paul Nixon

Bloor Homes has welcomed the next generation of housebuilding talent to its ever-growing ranks.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24