PBB makes £500,000 loss in 2012

[furie]

It's not as bad as it seems, but PBB made a loss of £500,000 in 2012.

Considering they're debt free now (or were before the £9,000,000 they put into Nick Land), it's not a really bad thing for the park.

However, if the summer seasons continue to be wet, it's not going to go well in the long term when it comes to investments - especially especially for fountains and water features

I don't think this will be the last bad news from 2012 which seemed to be a real washout, but I'll bet Blackpool are hit hardest as they still seem to rely too much on seaside trade and not enough on bringing people just to the Pleasure Beach - I think they're changing.

Source: http://www.blackpoolgazette.co.uk/news/ ... -1-5303903

 

[Lofty]

That's a big surprise to be totally honest with you, it was HEAVING in Summer, really busy.

 

[Martyn B]

How much did they invest last year?

People sometimes forget that these figures can include their spending, so it's always as bad as it seems.

 

[Smithy]

I thought those figures were up until April 2012?

So the loss would have been from last summer's season rather than this?

If so then next years accounts could be really interesting, they could see a jump in visitor numbers if they had better weather than 2011, or they could see a bigger fall due to the Euros, Olympics etc etc etc.

Lol at the comments though, between those and a few checks on Trip Advisor the park gets absolutely torn to pieces for the entrance fees, no sandwiches allowed on site etc...

 

[furie]

The report isn't clear:

show the group made a bottom-line loss of £524,000 in 2012 compared to a profit of £329,000 in 2011.

That says 2012, but it could well be as you say Smithy, until April 2012, but surely that would be 2011's accounts? We're currently producing our 2012 accounts which will be ready in February. That will be for the entire of 2012.

You'd think, as the PBB season finishes in November, they would have their accounts closed November/December and we'd see the results now. That way, they can budget for 2013 knowing the state of finances. Otherwise, you can't work out operating costs and budgets prior to the season starting. Or maybe that's all part of the problem :lol:

 

[Smithy]

Aye it seemed a strange way of doing it. Depends if they wanted to include their 12 days of Christmas trade in this years accounts or not. Only thing I've found on the web suggests it could be both, 2011's accounts were presented in April but the next due date was the end of December 2012 so it could be for the full 2012 season.

http://www.worksmart.org.uk/company/com ... d=01837026

Dip in turnover from 06-09 must be worrying, may dig around a bit more and see what else I can find on their accounts.

Edit: Did a bit more digging, the accounts are up to April 2012 and were released on the 6th of January 2013.

So could be worse if as they predict their summer 2012 was poor. Might explain the reduced opening hours and various ride closures.

In order to mitigate the fall in Pleasure Beach income due to the poor weather, the group has embarked on a number of cost saving measures, implementation of which will be begin over the winter of 2012/13

Lul, bad times ahead.