Home > Europe > UK & Ireland
Related topics: UK & Ireland,Business
September 23, 2014
| by:

UK: Hampton Medical Regains Profitability Following Restructure

helen seamanThe MD of Hampton Medical Conferences’ parent company Rapiergroup says diversification and ‘embracing procurement’ have been key factors in its turnaround.

Hampton, which specialises in medical association meetings, posted pre-tax profit of £83k, 12 months after filing a loss of £70k, according to accounts filed at Companies House for the period ending 31 December 2013. The company was restructured as it moved from offices in west London to Rapiergroup’s HQ, in Ware in Hertfordshire, while staff costs were reduced by a quarter to £338k through redundancies. 

Helen Seaman, MD of Rapiergroup, a full service agency delivering conferences and exhibitions, said most jobs were shed through voluntary redundancies.

She said: “We did have to restructure Hampton’s business because times have changed. It was quite clear that during the recessionary times, we could not carry on the way we were. We had to move and there were redundancies as a result. As most event agencies will tell you, the largest overhead cost is salary. We returned to profit and saw an increase in turnover.”

Read more

What do you think of this $type?

About the Author: CAT Publications





   IT&CM China  Caribbean Meeting Incentive Travel Exchange      Gulf Incentive, Business Travel & Meetings Exhibition EIBTM IBTM IMEX America  IT&CMA IT&CM China IT&CM India Conventa BTC convene  cventMBTMMA 2013 COCAL 

GLOBAL AGENCY PARTNERS                                                                                           OFFICIAL TRADE SHOW PARTNER FOR THE UK MEETINGS MARKET 

MCI Ovation Euromic