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April 30, 2015
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UK: Profit Triples for Rapier Group; Pharma Arm Suffers £1m Decline




Rapier Group has posted pre-tax profit of £910k, more than £600k up on the previous year.

The full service agency, which incorporates Rapier Design, Hampton Medical Conferences and US operation JCG Exhibtions, said a restructure, in which JCG Exhibtions was downsized and operations were centralised at its Herfordshire headquarters, helped achieve a £5.5 million turnover boost and pre-tax figures of £910k in accounts for the year ended 31 December 2014. 

Rapier also benefited from the demise of rival exhibition provider Photosound, picking up a large number of its clients, contributing to a total of 15 new wins, including financial transfer specialist Swift, which has opened doors to the banking sector, MD Helen Seaman said.

But the group’s medical conferences arm, Hampton, suffered a £1.2m fall in turnover, as pre-tax profit slipped from £83k to £31k. The agency had returned to the black in 2013 thanks to the relocation of Hampton’s offices from Surrey to Rapier’s Ware base and a number of redundancies, following a £70k loss. 

Read more at MeetPie.com...
 


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