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Shearings reports fourth year of record profits

Operators
Gary Noakes
5 June 2017

Shearings Leisure Group has reported a 13% increase in its profits after a year of improved profit margins and cost cutting.

Richard Calvert Shearings.jpg

The Group, which includes Shearings Holidays, National Holidays, Coast & Country and Bay hotels brands, saw pre-tax earnings rise to £10.3 million for the calendar year 2016, compared with 2015’s £9.1 million. Revenue rose 3% to £207.2 million. Last year also saw passenger numbers rise 4% to 1.12 million.

The Group spent £4.6 million on room and facility upgrades during the year, taking its three-year investment total to almost £13 million. Further investments were also made in the coach fleet and IT infrastructure.