More evidence backing the case that you have to spend money to make money. Although my opinion of Flamingoland's operations has dropped a few notches in recent years, my appreciation for investment and bringing new ride types to the UK is increasing.
Quote: http://www.insidermedia.com/insider/yor ... 6-85678465Multimillion-pound investment on new rides and attractions has helped increase sales and profits at popular Yorkshire theme park and zoo owner Flamingo Land.
Turnover in the year to 31 March 2014 increased from £20.5m to £22.5m after £5.3m was spent on new rides and attractions, including £2.3m on 'Hero', a roller coaster which opened to the public in summer 2013.
That outlay by the family-owned business was on top off the £2.65m invested in 2012/13 which led to the addition of Junior Twist and Vertical Swing and the continued development of the Holiday Village.
Driven by the growth in sales, pre-tax profit rose from £1.4m to £2.1m. The North Yorkshire-headquartered theme park and zoo owner's directors, Gordon and Vicky Gibb, were paid a dividend of £235,000 during the year.
In a report filed at Companies House, the business said repair costs continued to be very significant with facilities within the zoo, holiday village and theme park kept in good condition to comply with all relevant Health & Safety standards.
The Malton-based leisure group, which employs more than 300 workers, said it aimed to maintain the management policies that had resulted in the company's recent growth and to invest in new rides and attractions as and when necessary.