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EASTBOURNE - Hydro Hotel, Eastbourne, Plc reported a 9% increase in turnover to £2.13 million for the six months ended April 30, 2025, compared to £1.96 million in the same period last year, according to a press release statement.
Despite the revenue growth, the company posted a wider loss of £97,225 for the half-year period, up from a £76,957 loss in the comparable period in 2024. The increased deficit came as repair costs rose by £45,944 due to essential maintenance including boiler flue repairs, window replacements, and fire door installations.
The company noted that staff costs increased by 10% compared to the previous year, while overhead expenses rose by 8%. Gross profit percentage for the period was 9% higher than in the six months to April 30, 2024.
During the reporting period, Hydro Hotel invested in facility upgrades, including air conditioning in the Wedgwood Room, new garden furniture for the Coastal Terrace, and replacement of two boilers. The company also continued general refurbishment of bedrooms and public areas.
The board paid a previously declared dividend of £78,000 on February 25, 2025, with no additional dividends declared during the period. Cash and cash equivalents stood at £1.68 million as of April 30, 2025, down from £2.46 million at the end of October 2024.
The company, which is celebrating its 130th year of operation, maintains a strong balance sheet with net assets of £3.84 million, compared to £4.02 million as of October 31, 2024.
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