Aardman losses rise in line with forecasts

AARDMAN, the animation studio renowned for creating Wallace & Gromit and Shaun the Sheep, has reported an increased pretax loss of £5m for 2024, up from a loss of £550,135 in 2023.

- JON ROBINSON

The Bristol-based company's turnover also fell from £26.7m to £20.9m, according to newly-filed accounts at Companies House.

Despite this, the employee-owned firm had anticipated a loss-making year in 2024 as part of its five-year business plan, which included significant investment in its intellectual property.

Costs reached a record high in 2024 due to redundancies made during a comprehensive review of operations.

However, the overall number of employees actually rose over the year as new roles were created within the company.