Britannia Hotels slashed nearly 1,000 jobs during the latest financial year as its turnover plummeted by more than £80million. And the chain, ranked the worst in the UK for nine years in a row, also lost almost £10million.
According to newly-filed documents with Companies House, the Cheshire-headquartered business posted a pre-tax loss of £9.5m for the 12 months to March 31, 2021, compared with a profit of £13.7m in the previous year. Its turnover also fell from £120.4m to £38.3m over the same period.
When the company revealed its accounts for the 12 months to March 31, 2020, it said it was “likely” to post a loss for the following year. The documents also show the number of employees was cut from 2,740 to 1,765 during the 12-month period, with office and management staff reducing by 62 and direct workers falling by 913.
