Bourne pre-tax profits soar

12/10/2011

Bourne Leisure Holdings , which is majority-owned by the Cook, Harris and Allen families, posted a 6 per cent rise in pre-tax profits in the year to December 2010, to £93.4m up from £88m in the previous year.

The increase in profits has been attributed to more families staying in the UK for their holidays. Turnover also rose to £802.7m compared to £791.6m in 2009. The directors recommended £33m in dividends for the year, down from the previous year’s £41m.

Bourne has owned Butlins and Haven since 2000, when it bought the holiday operations of Rank.

It has also invested £85.7m in the business in 2010, refurbishing parks and improving the facilities.Operating profits also increased by 4 per cent to £123m, up from £118.3m, as margins improved and interest rates on its debt declined. Bourne employs about 11,000 staff.

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