C&IT Magazine has published the turnover data from the past three years of the top 50 UK event agencies, to work out who has grown the most in that period. Absolute Corporate Events has been named as number 20.
This comes on the back of Absolute Corporate Events (ACE) recently celebrating achieving 400% growth in turnover growth over the five years since it was acquired by owner and managing director, Chris Parnham, in 2013.
When Chris Parnham took over, the agency had a team of 4 and now has 20, with turnover hitting £8 million in 2017, predicted to rise to £9 million for this financial year. Event based turnover for 2018 totalled 4.3 million.
Parnham believes that while strong leadership is important, it is important to give teams “real” responsibility and empower them to make important decisions. This has been a key part of ACE’s growth.
Parnham said: “I am delighted to hear that C&IT magazine have identified ACE as one of the top 20 fastest growing agencies in the UK.
“It’s absolute testimony to my amazing team who make meaningful promises to win and retain business, and we cherish each of our faithful clients who have made our recent growth possible.”