NEC Group

This article is about the United Kingdom based real estate management company. For the Japanese corporate group, see NEC.
NEC Group
Private limited company
Headquarters Birmingham, United Kingdom
Key people
 Paul Thandi, Chief Executive
Products Venue management
Revenue Increase £139.9m (06/7)[1]
Increase £44.6m (06/7)[1]
Increase £12.3m (06/7)[1]
Owner Lloyds Banking Group
Number of employees
 2,000[1]
Parent Lloyds Development Capital
Subsidiaries Genting Arena
National Exhibition Centre
International Convention Centre
Website www.necgroup.co.uk

The NEC Group is one of the world's largest venue management companies.

Operations

The NEC Group operates the National Exhibition Centre (NEC), the International Convention Centre (ICC), the Genting Arena (formerly the LG Arena) and the Barclaycard Arena (formerly the National Indoor Arena). It also manages a range of support services including The Ticket Factory, catering company Amadeus; and the hospitality brand 'Amplify'.

In recent years, the group has launched three additional internationally focused businesses; NEC Group International, offering venue management consultancy services, MemoryHaus to develop event content, and Eight Feet Tall, a specialist sponsorship and media sales consultancy for the live events industry.

Employing more than 1,000 on a permanent basis, with a further 700+ casual workers, the NEC Group also claims to deliver more than £2.1 billion annual impact to the regional economy and supports the full-time equivalent of 29,000 jobs.

Privatisation

On 16 January 2015, Lloyds Development Capital (LDC), a subsidiary of Lloyds Banking Group, acquired the NEC Group from Birmingham City Council for £307 million. The deal transferred the NEC Group into private ownership for the first time. The council retained the freehold of all the venues.

Assets

References

  1. 1 2 3 4 "Review" (PDF). NEC Group. Retrieved 22 April 2008.


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