Profits after tax were up 31% from 2012, although the group’s turnover had dropped by approximately 2%.
The positive results have been attributed to the extension of payment terms from existing clients and a number of new client wins.
The company also has expanded its portfolio of services, with the acquisition of Medical Projects International in February extending its offering into the pharmaceutical and healthcare industry. The group has announced a new office will open later this year in south east Asia.
Leigh Jagger, Banks Sadler’s chief executive, said: "We are absolutely delighted to have delivered such a strong performance despite trading conditions still being quite challenging across all of our key markets.
"To be able to achieve such positive results, whilst continuing to invest in growing our portfolio of services and network of offices, is real testimony to the committed and hard-working team we have across our whole group."
She added: "Although we are all hearing talk of economic optimism, we are certainly not seeing that cascade straight through to the meetings and events area.
"Budgets are still tight, value for money is very important to our clients, and being able to demonstrate ROI on meetings and events as well as the service we offer is crucial."
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