Eden Project is back in the black after job cuts

Eden Project is back in the black after job cuts

Eden Project is back in the black after job cuts

First published in News

The Eden Project has made a profit for the year up until March 2014, after a loss the year before and a raft of job losses. However turnover at the attraction fell by £1,622,996.

The attraction is back in the black after its worst-ever year in 2012/13, with accounts showing a trading surplus of just over £2m for the year to March, against a loss of over £1.3million for the year before.

The strategic report which accompanies the accounts states that there were 68 staff redundancies during the year 2013/14 and nearly 50 further roles were not replaced when people left the business through resignation.

The results of this restructuring were reflected the annual savings of more than £4million. Turnover for the period amounted to £17,504,928, a drop of £1,622,996 on the previous year.

Following the "turnaround" of 2013/14, Eden will now continue its progress towards long-term financial stability. 

The attarction says that board’s priorities for the coming year are: 

  • The continued success of both the visitor destination at Bodelva and existing projects such as Big Lunch and  Big Lunch Extras.
  • The development of a range of accommodation on site at Eden (subject to planning consents).
  • The development of new educational partnerships for the delivery of formal education provision at the Eden site and possibly beyond.
  • The further extension of the Eden brand into targeted, commercial areas with a view to extending the reach of the charitable mission.

Adding that the board believes that Eden’s long-term ambitions will be "best served by ensuring that the organisation is substantially debt-free within five years and repayments will continue to be made during 2014/15, in order that this can become a reality".

David Harland, Eden Project finance director, said: “These results show that Eden has turned the corner after a difficult year in which we had to make some very hard decisions.  We have lost valuable staff in a painful restructure process but by cutting costs across the board we have ensured that the project is now on a very sound footing.

“The year ahead is an exciting one.  We are recruiting again and have recently announced a partnership which will see us employ 20-25 apprentices this year. We are working with the YHA to establish a hostel on the Eden site and are looking forward to our biggest-ever summer programme, Dinosaurs Unleashed.”

Comments (2)

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3:04pm Mon 16 Jun 14

Helston John says...

Get rid of it and put an incinerator there.
Get rid of it and put an incinerator there. Helston John
  • Score: 2

6:19pm Tue 17 Jun 14

Gill Z Martin says...

I would prefer affordable to buy and rent homes, or a hospital.
I would prefer affordable to buy and rent homes, or a hospital. Gill Z Martin
  • Score: 1

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