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Insider UK
Insider UK
Business
Alistair Houghton

Crerar Hotels reports turnover rise and narrows losses after year of investment

Crerar Hotels has narrowed its losses and seen turnover bounce back in a year when it continued investing in its business despite "stop-start" Covid restrictions.

The group today said that turnover for its last financial year had risen from £5.49m to £14.46m.

It reported a pre-tax loss of £831,000 for the year to March 2022 - though group CEO Chris Wayne-Wills called that a “significant improvement” on the previous year’s reported loss of £2m and said he was confident the company was on an upward trajectory.

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