Butlin's back in profit in its 90th year

BUTLIN’S has bounced back from a £75m loss to return to profitability during its most recent financial year, new figures show.

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The holiday resort operator, which has sites in Bognor Regis in West Sussex, Minehead in Somerset and Skegness in Lincolnshire, recorded a pretax profit of £28.3m for 2024, according to fresh accounts lodged with Companies House.

This represents a turnaround after Butlin’s plunged to a pretax loss of £74.2m for 2023.

The company’s bottom line received a significant boost from a substantial revaluation of its resort properties worth tens of millions of pounds.