The ACC Liverpool Group has achieved its highest annual turnover since opening in 2008.
The company, home to BT Convention Centre, Echo Arena and Exhibition Centre Liverpool, delivered a turnover of £17.2m, compared to £16.1m for the previous 12 month period. Figures are based on audited accounts for the year ended 31 March 2016.
During the same period, 210 events took place attracting more than half a million delegates and visitors. A total of £128m in economic benefit was generated for the Liverpool city region, bringing the overall economic impact to more than £1.2bn since the complex opened.
Conference highlights included NHS Confederation, the British Psychological Society and a series of international congresses while Sir Paul McCartney, Strictly Come Dancing and the launch of the Liverpool International Horse Show were among entertainment events. Exhibition Centre Liverpool, the latest addition to the campus which opened in September last year, hosted 19 exhibitions including MCM Liverpool Comic Con, The Liverpool Wedding Show and RenewableUK.
The figures recorded by The ACC Liverpool Group show an operating loss of £2.7m.
Bob Prattey, chief executive of The ACC Liverpool Group, said: “The financial year from 2015 – 16 was a year of rapid growth for The ACC Liverpool Group with the opening of Exhibition Centre Liverpool in September 2015 and Pullman Liverpool in February 2016. This expansion has enabled us to enhance our facilities and host bigger and better exhibitions, national and international conferences and entertainment events, thus contributing more economic benefit to the local economy.
“The operating loss we are reporting 2015 – 16 is due to the delays in the completion of our new venues. We incurred extended pre-opening costs which were set against only part year trading – in the financial year 2015 -16 the hotel only traded for 50 days and Exhibition Centre Liverpool for six months.
“We are forecasting a further increase in revenues and a return to overall group trading profit as we retain existing events and bolster the programme with major events such as the British Style Collective presented by The Clothes Show.”
Events during the current financial year 2016 – 17 have so far included the International Festival for Business, the Labour Party Conference, the European Association for International Education, Elton John and Rod Stewart. The return of the International Horse Show, BBC Worldwide Showcase, Bruno Mars and MCM Liverpool Comic Con are among forthcoming highlights. ACC Liverpool was recently announced as principle venue and official partner of ‘British Style Collective presented by Clothes Show’, which is set to take over the city of Liverpool in July next year.
Mr Prattey added: “We continue to build on the success of previous years. Despite our operating loss we have achieved our highest ever turnover and are predicting further revenue growth and a return to profit. We are looking forward to another busy year of national and global conferences; public and trade exhibitions and entertainment events.”