Conferencing firm predicts slower growth post Brexit
A CONFERENCING business with a large facility in Warwickshire believes its growth prospects will be reduced as a result of the post-Brexit economy.
Nevertheless, EEF Venues is still predicting growth of 5% this year, bringing its annual turnover to more than £6.5m.
EEF Venues operates three venues around the UK – Woodland Grange, near Leamington Spa, Broadway House, Westminster and Engineers’ House, Bristol.
The company has enjoyed 32% consolidated growth in turnover over the past three years. However, it said it recognised that in the current climate such a figure was optimistic.
It said it still believed growth was possible this year, but it would be achieved at a less accelerated rate.
David Vaughton, director of venues for EEF Venues, said: “Whilst our advance order book for the first quarter of 2017 has already surpassed the corresponding period from last year, we are cautiously optimistic for the rest of the year. Less accelerated growth is to be expected in anticipation of contraction in and around when Brexit is triggered in March.
“Our strategy is and always will be to be agile and open to change. We constantly review our sales and marketing strategy and tactics to ensure that we continue to evolve and take advantage of opportunities.
“Our growth to date isn’t down to easier trading conditions but about getting better at seizing opportunities, better positioning and a highly targeted, relationship-driven sales strategy. Above all, customer service excellence and quality will continue to underpin our growth.”
Throughout 2016, EEF Venues expanded its corporate client base within the professional services and manufacturing sectors, as well as penetrating the associations and clubs sector and maximising weekend residential sales at its Woodland Grange flagship.
