The Buckinghamshire based venue achieved record-level profit at the end of the 2015 financial year and, combined with the success of 2014, it has seen 19% increase in revenue compared to the year ending August 2013.
“Strong financial figures tell its own story but recent success can also be attributed to ongoing refurbishment,” comments Heni Fourie, Sales and Marketing Manager of Lane End Conference Centre. “It would be easy to rest on our laurels and simply retain our profits. But we understand the need to constantly evolve as a venue. The fact that we are an independent venue enables us to freely invest a considerable amount of our annual profit into refurbishment and maintenance.”
Continued investment has seen Lane End focus heavily on refurbishment with a four-year plan due to be completed in August 2016. The project has been in motion since 2012 and is worth £2.2million with more than £550,000 invested each year.
“The most recent development has been that of The Cedar Club which was completed back in August,” Heni continued. “That alone was valued at more than £950,000 but already it has had a significant impact on bookings and revenue. The completion of the entire project next year will maintain our position as one of the leading venues outside of London.”
Developments already completed include structural improvements to all meeting and training rooms which increase exposure to natural daylight as well as increasing Wi-Fi capabilities to 200mbps and the inclusion of high specification equipment.
Ongoing improvements include bedrooms in both Wycombe Lodge and Wycombe Court which are due to be completed in the summer of 2016 with more than £690,000 invested. The Pavilion, a self contained conference venue is also receiving a £200,000 refurbishment in December. This development project will include a new 100-seat dining room and three large syndicate rooms to compliment The Pavilion’s main conference room, with its remarkable views and wall-to-wall bi-fold doors opening onto large terrace.
Lane End Conference Centre offers a unique modular design with five distinct and completely self-contained conference buildings – each offering bedrooms, meeting facilities, bar, lounge and dining room – available for exclusive use.