The Queen Elizabeth II Conference Centre (QEIICC), London’s most prestigious purpose built centre for professional meetings and events, has announced its half year financial results are well ahead of expectations. The first six months of the financial year have been resilient, income is ahead of budget and the net surplus from trading is double what was forecast a year ago.
Ernest Vincent, chief executive at The QEIICC, comments: “A year ago we were quite concerned about what lay ahead of us and the impact both the banking crisis and the recession could have on the meetings industry. We acted prudently and adjusted our forecast for the year based on some pretty gloomy forward predictions for the economy at large.
“It hasn’t turned out the way we expected and trading has remained very buoyant. We’ve lost some occupancy but nothing like the figure anticipated. We are hopeful that this performance can be maintained for the rest of the financial year to March 2010.”
This summer the Centre confirmed a commitment to maintaining its status as London’s most prestigious purpose built centre for professional meetings and events, by investing over £1 million in updating its interior. Uniquely situated against the stunning backdrop of Big Ben, Westminster Abbey, The Houses of Parliament and The London Eye, The QEIICC is central London’s only high tech, purpose built conference centre catering for meetings for up to 2,500 delegates.