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Company updates and media information

05 May 2016
Red Letter Days For Business adds new brands to Lifestyle Voucher
13 April 2016
Red Letter Days identified in London Stock Exchange’s ‘1000 Companies to Inspire Britain’
07 April 2016
The World's Most Extravagant Employee Reward
05 April 2016
18-24 Year Olds Not Rewarded At Work
21 March 2016
Put Employees To The Test With New SAS Style Team Building
16 February 2016
Making Memories with Mum - Red Letter Days partners with Breast Cancer Care to make a difference this Mother's Day
12 January 2016
Employers failed to motivate in 2015
08 December 2015
Domestic & General's Reward Programme engages international workforce
26 November 2015
Do you work for Scrooge?
14 October 2015
Lack of flexibility is killing UK productivity
08 September 2015
LateRooms.com partner with Red Letter Days For Business to celebrate employee success
07 September 2015
Winning at Brands Hatch: SummerSpeed championed by racing fans in its first year
17 August 2015
Red Letter Days For Business launch new "Subscriptions" Reward
28 July 2015
Classpeople and Red Letter Days For Business Partner to reward UK supply teachers & Early Years staff
01 July 2015
Red Letter Days For Business re-launch Incentive and Reward platforms
30 June 2015
Low employee engagement: is Government missing the real productivity issue?
19 March 2015
Look out for Red Letter Days prizes in McDonald's Golden Chances Monopoly
17 March 2015
A day out for the whole family: Red Letter Days launches SummerSpeed, Wednesday 26th August 2015

Red Letter Days Trading Update

30 July 2008

Red Letter Days announces its results for the year to September 2007

The company was incorporated on 7th June 2005 and commenced trading on 1st August 2005 when it acquired the brand and goodwill of Red Letter Days from the administrators. Following the acquisition the Directors made the decision to honour an estimated 135,000 vouchers, to a value of approximately £17m, all of which had been sold by, and monies received by, the previous company. The cost of providing the experiences relating to these vouchers is the major reason for the losses reported to date. The Directors regard the losses as a necessary investment in the interest of the long term development of the Red Letter Days brand.

During the twelve month period up to 30th September 2007 the shareholders and directors continued to invest substantial time, effort and money in the company and as a result the company has continued to grow and the losses have reduced significantly, from an initial loss of £7.2m in 2006 to £2.8m in 2007. The company is now far more efficient with the majority of its sales and almost 50% of bookings taking place online.

The Directors are pleased with the performance of the company during this period, which is trading in line with expectations and this provides a strong platform for successful future expansion. Turnover in the key Christmas period of 2007 rose by over 50% on the previous year and 46% in the nine months to June 2008, further reflecting the continued growth and strength of the Red Letter Days brand.

Exciting key developments in 2008 include the expansion of the Red Letter Days corporate offering, providing a fully rounded service from bespoke events and overseas incentives to traditional and elegant gifts. Team building and incentivising staff has never been more integral than during this current economic climate and the extensive service that is now being offered has been very well received.

Red Letter Days prides itself on being a pioneer in its business sector, and has now commenced building the first global consortium of experience businesses targeting both the corporate and consumer sectors. Now known as The Global Experience Alliance it boasts among its members Red Balloon Days in Australia and Elation in Italy*. All the Alliance members are recognised in their respective countries for providing an outstanding service. This Alliance looks to provide its customers with the opportunity to enjoy impeccable service and once in a lifetime experiences wherever they may be in the world.

The Directors would like to thank all of our customers, suppliers, partners and staff for their continued support through what is an exciting period of growth for the Red Letter Days company and remain fully committed to providing the support necessary for the business to achieve its full potential.

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*The Global Experience Alliance at time includes Germany, Italy, Spain, New Zealand, Australia and North America. Companies across the rest of Europe are predicted to have joined the Alliance by the end of the year.

Press Contact: Bill Alexander

Managing Director

mobile: +44 (0) 7967 315721, email: bill.alexander@redletterdays.co.uk