THOMAS TELFORD last week reported record company profits of £1.2M, the equivalent of £20 for every member.
The commercial arm of the ICE operates through six different businesses: the One Great George Street venue, a recruitment consultancy, a publishing company, running training course, providing information on the New Engineering Contract and developing and building websites.
The ICE's Westminster headquarters is Thomas Telford's biggest revenue generator. As well as being a popular conference venue, it has also functioned in many other guises (see box).
Thomas Telford publishing launched 49 new books last year with record profits. Other successes included the use of the NEC on a £1.4bn contract with NHS Estates to procure 21 hospital projects.
The training business continued to grow with more seminars appearing online in 2004.
Only £1M of the ICE's £11M revenue for 2003 came from its members.