Macdonald Hotels returns to profit

Macdonald Hotels is back in the black after recording a profit before tax of £1.9m for the year ending 29 March 2012.

Macdonalds Hotels returns to profit in 2012
Macdonalds Hotels returns to profit in 2012

The group, which reported a loss of £5.6m for its previous accounting period (the 18 months to 31 March 2011), has boosted turnover by 2% to £139.5m on a like-for-like basis, while operating profit before interest was up 3% to £13.7m.

David Guile, Macdonald Hotels' chief executive, attributed the group's performance to the "sheer hard work and dedication of all our people".

He said that since April 2012, Macdonald's current trading was seeing further growth through "greater activity in both the commercial and conference sectors", while the group has invested £5m in projects including bedroom refurbishments at several properties and the renovation of the ground floor public areas at the Macdonald Tickled Trout Hotel in Preston.

Commenting on the 2012 results, Guile added: "We have achieved these results despite the increasing cost pressures on our business such as utility prices, national minimum wage, food costs and a staggering £360,000 of additional 'tax' on our energy consumption paid to the government in respect of the carbon reduction commitment."

Executive chairman Donald Macdonald said that current trading conditions were "the most difficult that any of us can remember and we have to assume that this will continue for a number of years", but was adamant that the group had a "very positive future".

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Oman to welcome IGRC in 2020

Oman to welcome IGRC in 2020

Sultanate to host the International Gas Union's 16th International Gas Research Conference at the Oman Convention & Exhibition Centre.

Events company faces legal action from makers of video game Fortnite

Events company faces legal action from makers of video game Fortnite

Epic Games issues claim against Exciting Events after widely criticised event in Norwich.

Diary of a delegate: Beautiful Bergen

Diary of a delegate: Beautiful Bergen

A three-day account of the C&IT A-List FAM trip, in partnership with Visit Norway.

Case study: Space to Breathe wellness event

Case study: Space to Breathe wellness event

Center Parcs hosted a wellness event for clients including MIA, Experian and the University of Nottingham.

The future of event feedback

The future of event feedback

A look at how new technology is changing the nature of feedback for event planners.

SevenEvents hires new project manager

SevenEvents hires new project manager

Jade Davies joins from Touch Associates and her new role will include developing client relationships.

Cievents VP talks US market trends, challenges and opportunities

Cievents VP talks US market trends, challenges and opportunities

Alison Howlett, vice president of live events, talks about creating business opportunities, US trends and popular destinations.

Case study: PPA Festival at Tobacco Dock

Case study: PPA Festival at Tobacco Dock

The Professional Publishers Association held an education festival in May 2018 with guest speakers including politicians and actors.

New director and event coordinator for Pure

New director and event coordinator for Pure

Agency promotes client services director and hires event coordinator to strengthen the team.

Loganair to take over cancelled Flybmi routes

Loganair to take over cancelled Flybmi routes

Glasgow-based company Loganair has stepped in start flying five of Flybmi's routes from next month.

LATEST JOBS