SPS Announces Record Profits

Show Presentation Services (SPS), the leading equipment rental and staging specialist, has announced that it increased its turnover from £8m to £13m over 2000, and achieved a 58% increase in pre-tax profits for the same period, as a direct result of its integrated event services strategy. The results reinforce SPS’s position as a leading independent AV rental and staging business. High business growth rates were achieved by the scenic construction and lighting rental departments in particular, of 241% and 148% respectively. SPS’s investment in a Barco D-Lite7 Modular LED screen was validated by the turnover generated with the successful launch of its LED rental business. A part-year contribution from the Earls Court and Olympia AV contract that commenced its five-year term also boosted SPS’s increase.

"This year has seen more challenging business conditions," acknowledges Robin Coles, managing director of SPS. "The first half of 2001 has been flatter than we anticipated but the launch of our new Event IT division in February, is adding positively to our already comprehensive service offering. We are seeking booking levels increase for the second half of the year, and an impending strategic acquisition will consolidate our position as the leading independent AV rental and staging business in the UK."

Latest Issue. . .