Products Venue management Owner Lloyds Banking Group Revenue 139.9 million GBP (06/7) Founded 1970 | Operating income Number of employees 2,000 CEO Paul Thandi (Oct 2006–) Net income 12.3 million GBP (06/7) | |
Type Private limited company Key people Paul Thandi, Chief Executive Headquarters Birmingham, United Kingdom Parent organizations Lloyds Bank, Lloyds Development Capital, Lloyds Banking Group, Nevada Bidco Limited Subsidiaries The Ticket Factory, National Election Committee of Cambodia, Nec Finance Ltd | ||
The nec group vision
The NEC Group is one of the world's largest venue management companies.
Contents
Noise action week 2011 the nec group
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.