Manchester Central and Exhibition Centre profits up 36%

Twitter Facebook Google+ LinkedIn
The recently expanded Manchester Central and Exhibition Centre (MCEC) saw profits climb by 36 per cent in the last financial year.Owner Destination Manchester, itself wholly owned by Manchester City Council, had an operating profit of £555,000 in the year up to March.A spokesman for the venue told the Manchester Evening News the results reflect an overall increase in sales and careful management of costs, “despite a difficult trading period, we are pleased to report an increase in profits for the last year - in what is a highly competitive market place.“We predict market conditions to remain challenging for at least a further 18 months, especially in the exhibitions market,” they said. “So our strategy is to focus on delivering value for money while continuing to grow the business and deliver the maximum economic impact for the businesses of Manchester.”Figures from the MCEC show that the conference trade generated £56m of economic impact to the Manchester region. Among the venue’s upcoming events is the TUC in early September, and the Labour Party conference which starts on 26 September. The venue is also due to unveil three new smaller conference halls, capable of hosting another 1,000 people in total, as well as new frontage and reception space. “It is this continued programme of improvements which began with the very well received new frontage and foyer area, and the new link areas which allow us to keep winning business and competing against other major conference centres like Birmingham, Harrogate and Excel in London,” said the spokesman.
Twitter Facebook Google+ LinkedIn

Related Stories

Elsewhere on EN

Mediatec UK merges with CT

Mediatec UK merges with CT

Creative Technology (CT) has announced that, following the acquisition of the company by NEP in January, the UK division of its sister company Mediatec will be merged with the company and rebranded.
AMR and Lippman Connects announce events conference

AMR and Lippman Connects announce events conference

Global events strategy consultancy AMR International and US-based event organiser Lippman Connects have unveiled Transform, a conference for data, analytics and digital in events.
CHS unveils local economic impact

CHS unveils local economic impact

The Conference and Hospitality Show (CHS) contributes over half a million pounds to the local economy, an economic impact study has found.

CONFEX 2017 LIVE

Most read Stories

And the #ENAwards finalists are…

And the #ENAwards finalists are…

The countdown timer has run out. After weeks of companies submitting award entries and sweating over it, there is just one thing left to do before the big night: Announce the shortlist.
EN Awards People Finalists revealed

EN Awards People Finalists revealed

The first group of the highly anticipated shortlist for the EN Awards has been announced, including Best Newcomer and Best Event Director categories.
Reactions from events industry following Britain’s vote to leave EU

Reactions from events industry following Britain’s vote to leave EU

As the UK has voted to leave the European Union with a 52 per cent majority result, EN has spoken to members of the exhibition and events industry, to gauge their initial reactions on the future of the UK and their businesses.

Latest Features

My Working Life by Richard Jarvill

My Working Life by Richard Jarvill

The managing director of JMT talks furniture and floorcoverings, his first foray into events and being an extra in a Brad Pitt film.
2 Minutes With Emily Shaw

2 Minutes With Emily Shaw

The new strategy director at FreemanXP talks rigour, empathy and Sharpies in all the colours of the rainbow.
The Wheel Deal

The Wheel Deal

What do you get when you cross a Hollywood film studio with a UK event organiser? A £25m deal and the launch of Fast & Furious Live of course...

Latest Galleries

MOI Global reigns supreme at agency bake-off

MOI Global reigns supreme at agency bake-off

B2B creative agency MOI Global triumphed at ExCeL London’s annual Great Agency Bake Off, which took place on 23 March.
London Book Fair 2017

London Book Fair 2017

From 14 to 16 March, more than 25,000 visitors from over 130 countries visited Olympia London for the 46th edition of The London Book Fair. A year of celebration, highlights included a tribute to The Wizard of Oz’s yellow brick road, the 20th anniversary of Harry Potter, 70 years of Indian independence and much more.
LondonEdge celebrates 35th show

LondonEdge celebrates 35th show

Alternative fashion show LondonEdge returned to the Business Design Centre on 12-13 February, celebrating its 35th edition.

Latest Opinions

This time, it’s personal

This time, it’s personal

Christine Martin, marketing director EMEA at GES, discusses how the live events industry can get ahead of the mass customisation curve.
The price of free speech?

The price of free speech?

RefTech’s Simon Clayton says letting speakers pay to host sessions might work once, but in the long term visitors will feel disappointed and duped.
Positive challenges ahead

Positive challenges ahead

Chris Criscione, ESSA board chair and managing director Equinox Design looks ahead to ESSA’s next decade.