Sales and profits at Manchester Central jumped to record levels during its latest financial year.
The events venue, which sits adjacent to Lower Mosley Street and Windmill Street, has posted a turnover of £25.6m for the year to March 31, 2023, up from the £16.9m it achieved in the prior 12 months.
The company's pre-tax profits also jumped from £2m to £3.2m over the same period.
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Manchester Central said that its direct costs for hosting events increased from £5.3m to £8.0m while administrative expenses grew from £9.6m to £13.1m, "in part due to extreme rises in utility costs despite the company introducing new measures to reduce consumption".
In the 12 months to the end of March 2023, the venue hosted 190 events, including HYROX, the Wheelchair Rugby World Cup Final, Manchester Art Fair, BSAVA Congress, One Young World and the British Insurance Brokers Association’s (BIBA) annual conference.
Chief executive Shaun Hinds said: "Our positive trading performance reflects our well executed strategy to maintain our position as the venue of choice for event organisers.
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"Throughout these uncertain times, agility and flexibility are key, and we continue to work with our customers to create long-term partnerships and secure multi-year contracts. We've worked hard to mitigate the unprecedented cost increases we’ve faced by driving activity, focusing on venue utilisation and creating efficiencies wherever possible.
"We have also invested heavily in our facilities, workforce and product development to ensure we set the company apart from our competitors.
"Live events are an integral part of the economic growth of both the city-region and the wider 海角视频 and while we operate in a competitive and evolving environment, we are extremely pleased with current business performance and our ongoing impact on the wider community.
"On average, for every £1 spent at Manchester Central a further £6 is spent in the wider city - in hotels, restaurants, bars, shops and taxis. Being able to support the region in this way is something we are extremely proud of, and we look forward to continuing to support the growth of the North West and the events sector in the years to come."
The company also provides retail catering, hospitality and event services to Manchester Town Hall and Central Library, and is contracted to run catering and event services at Runway Visitor Park at Manchester Airport.