More than 200 event firms in danger of collapse: report

A massive 203 companies in the UK exhibition and event industry are "in parlous state and starting the New Year clinging on for dear life", according to research.

203 event firms in danger of collapse: report
203 event firms in danger of collapse: report
Industry analysts at Plimsoll found that the market is now being split into those firms that have been "getting it right" and those "struggling to recover".

"Getting back to growth will be paramount this year as costs and overheads continue to increase. Without growth companies will have to reduce overheads dramatically. Companies need to look to beat the current average profit margin of 4% if they are to cover costs and invest in other growth areas," said Plimsoll senior analyst David Pattison.

"The 203 companies we rated as Danger will be increasingly squeezed out of the market as they are simply not competitive in the current economic environment. Even their attractiveness as an acquisition is diminishing as new growth areas look more exciting. Watch out for a wave of corporate failures among these companies in 2011."

The findings and the companies involved are detailed in the latest edition of Plimsoll Industry Analysis – Exhibition & Event Organisers.

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