Boxpark posts £3.9m PBT
Boxpark currently runs three venues in London, Wembley, Shoreditch and Croydon, with plans to expand beyond London in the next few year
Boxpark has announced that it has posted a profit before tax of £3.9m for the year ended 30 April 2023, up from the £3.5m it posted in the previous year.
Alongside this the company posted a gross profit of £8.8m for the full year compared with £8.5m last year.
The company’s profits were boosted by a number of large events including the Women’s Euros in July 2022 and Men’s World Cup in November and December.
As a result of this the company posted a turnover of £20.5m for the year compared with £18.9m the year before.
The company stated that it held around 600 events last year, helping to protect it from external economic pressures.
Simon Champion, Boxpark CEO, said: “We are pleased with our results in this period, delivering growth in like-for-like sales. We’ve successfully navigated a challenging trading environment with high-cost inflation, a stress on consumer spending and changing patterns of consumers going out.”
Boxpark currently runs three venues in London, Wembley, Shoreditch and Croydon, with plans to expand beyond London in the next few year.
