Projects Abroad (formerly Teaching & Projects Abroad) is a volunteer travel company based in the United Kingdom.
Video Projects Abroad
History
Projects Abroad was founded in 1992 (then known as Teaching Abroad) by Dr. Peter Slowe. After a few years sending young customers (called "volunteers" by the company) to Eastern Europe teaching the organization expanded to sending "volunteers" around the world doing a wide range of projects.[5] After becoming Teaching & Projects Abroad, it became the travel company called "Projects Abroad" in 2007. Projects Abroad now has recruitment offices in a number of countries around the world.
Projects Abroad has had over 20 years of experience organizing volunteer and internship projects overseas. They are situated in continents around the world with programs in various countries. The organization has placed 60,000 customers and offers programs anywhere from child care and teaching, conservation, disaster relief building projects, to medical and dentistry missions. Projects Abroad places local staff in each destination as to provide support for customers and organize the journey. The customer is accommodated with a host family in most programs. The company ensures security to their customers through placement in secure facilities.
Projects Abroad was a founding member of the Year Out Group and is a member of the IVPA (International Volunteer Programs Association). The organization is also affiliated with the Reconstruction Project (later renamed the Projects Abroad Foundation) which was set up following the 2004 Indian Ocean earthquake and tsunami.
Maps Projects Abroad
Finances
The principal activities of the Projects-Abroad Group (Beech View Holding) continue to be to facilitate overseas projects for applicants from the United Kingdom and the rest of the world. The main key performance indicators (KPI's) of the Group are turnover, gross profit margin and profit on ordinary activities before taxation. Group turnover has increased over the previous year from £18,250,109 to £18,932,292. A percentage increase of 3.7%. There has been a reduction in the Group gross profit margin from 42% in 2015 to 39.9% in 2016 and an increase in the profit before taxation from £469,753 in 2015 to £1,100,989 in 2016. The Group has incurred a corporation tax charge of £85,553 (2015 - £321,751). The Group has faced a decline in bookings in 2016 however revenue has held steady mainly due to the post-EU referendum fall in Sterling - 80% of the Groups income is in non-Sterling. The directors are aware of rising costs and are continuing to make efficiency-savings and taking measure to control costs. A new CEO was appointed in August 2016 and a 3-year Strategic Plan agreed to grow the business. To achieve this the Group is focusing on enhancing staff capacity, improving customer satisfaction, expanding brand awareness, converting more leads into sales and expanding our product line. The Group maintains a healthy balance sheet with net assets of £4,490,732 (2015 - £4,550,099). Funds from the Projects Abroad Foundation go to projects improving education, alleviation of poverty, human rights and the environment with no administration costs.
Business risks and uncertainties
The process of risk acceptance and risk management is addressed through a framework of policies, procedures, internal controls and detailed knowledge of the market. The principal risks of the Group are increased competition in our established markets, the threat of terrorism, and global health scares, most notably Zika virus in 2016. The Group has a broad portfolio of destinations that helps spread the impact of each of these risks. The Group is also entering into new and emerging markets while also working on increasing its market share in its established markets.
Developments
Management will continue to implement the Strategic Plan and are committed to increasing revenue through increasing bookings. Particular attention is being paid to our internet marketing efforts, alumni services, Group Trips, emerging markets, staff training and creating new products for younger customers. A notable development in the next 12 months will be the development of brand new websites.
External links
- September 2017 Official financial report of Projects-Abroad Holding
- Projects Abroad Official site
- June 2012 Al Jazeera, Cambodia's orphan business
- May 2014 Sacked Projects-Abroad Workers Cry Foul Over Norms, Seek Action Against Firm for Visa Fraud
References
Source of the article : Wikipedia
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