Lime Venue Portfolio (LVP) has announced record figures and another year of growth for the business. The brand posted an annual turnover of £42.07m across its portfolio of managed venues for 2015; beating budget by 5%, and posting an increase on last year’s turnover of 11%.
LVP attributes the success to the continued establishment of unique venues as a trusted partner in delivering eye-catching events. Equally, the brand continues to invest in central training and the delivery of award winning sales and marketing support that has helped grow the portfolio as a collective. Through this centralised strategy 18 of the venues within LVP have achieved growth in revenue, eight of which have seen it grow by over 20%.
"These are stunning figures, ahead of the market and underlining the faith that our customers have in Lime Venue Portfolio venues,” comments Jo Austin, Sales Director, Lime Venue Portfolio. “Our venues have performed magnificently in a tough market; we’ve been able to keep customers within the portfolio, ensuring that if they have an event, we have the venue that suits them.”
Lime Venue Portfolio is also already looking at a strong 2016, budgeting another 6% expansion of the business. “2016 looks like another cracking year for LVP. We’ve really strengthened our offer to the market with the addition of some superb new venues in strategic London locations, and will continue to look at bringing in new venues to the portfolio. We also focused on keeping our customers delighted with the service and quality food that they now expect from us.”
“We’re incredibly proud of the reputation we have for the quality of our food and venues, but we’re also delighted that we continue to connect our customers with the venues that will help make their events a success,” concluded Jo.
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