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April 13, 2015
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UK: Profits Down by 68 Percent as mclcreate Rebrands

Pre-tax profit at event management company mclcreate fell by 68 per cent in 2014.

The agency, part of the Avesco Group, with bases in London, Birmingham, Glasgow, Edinburgh and Manchester, underwent a transition from AV specialist to full service provider, with a rebrand in January 2014, when its registered name was officially changed from Media Control (Europe) to mclcreate. 

In accounts filed at Companies House for the year ending 30 September 2014, mclcreate reported a £173k profit, down from £557k for the same period 2013, as administrative expenses increased to £7.5m from £6.8m. Turnover was up however, to £14.4 million from £13.9m - £13m of which is UK sales.

The company has since launched a new delegate and event management division, as event production becomes an increasingly core element of the business.

Staff numbers increased by 16 (to 136 members of staff) during the reporting period, as payroll costs went up to £5.19m from £5.13m.

MD Tim Spencer said: "As part of our continuing development we have invested heavily in our future during this period. We have launched several new innovative technical products, invested in our in-house inventory and recruited an additional 16 members of staff – and there is more to come.
“With the agreement of Avesco we are continuing to invest in this financial period, adding new services and offers as we uniquely meet the changing demands of our industry."

Read more at MeetPie.com...

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