Swinton Park in North Yorkshire, has recorded a rise in turnover to £3.6m, despite an operating loss of over half a million pounds during 2017.
In the year ended 31 January 2018, the privately-owned estate saw turnover marginally up from £3.5m, with an operating loss before tax at £571k, compared to a profit of £81k on the previous year.
Gross profit was down slightly from £2.78m to £2.76m, while interest rose to £96k from £36k from the 12 months prior.
Accommodation brought in £1.47m of revenue while food and beverage accounted for £1.49m of turnover.
Total comprehensive income for the financial year saw a loss of £466k, compared to a profit of £50k in 2016.
During the year, Swinton Park has invested £8m into the creation of a new country club and spa, located adjacent to the 32-bedroom hotel and cookery school on the 20,000 acre estate.
The new ‘destination’ spa opened in June and was the vision of owners of Mark and Felicity Cunliffe-Lister.
Commenting on the results in the Companies House report, Mark Cunliffe-Lister said that the business environment continues to be ‘challenging’, with strong competition impacting the hotel, as well as ‘consumer spending patterns and consumers’ overall level of disposable income within the economy’ a significant factor in trading.
He said that the new facility is aiming to enhance the experience of guests and ‘generate growth in future periods’.