Wipeout, Pleasurewood Hills

Pleasurewood Hills has sustained post-tax losses of almost £340,000, latest accounts show.

In the year ending 30 September 2024, the Suffolk theme park posted a post-tax deficit of £336,534.

This compares with post-tax losses of about £110,000 in the previous year.

The park’s debts due within a year fell from £4.2 million to £3.8 million in the same period.

Pleasurewood is owned by France’s Looping Group, who also took ownership of Drayton Manor in 2020.

Its UK operations, managed under holding company Looping UK Parks Limited, recorded a post-tax profit of £4 million in the year to 30 September 2024.

The holding company posted post-tax losses of about £2 million in each of the two previous years.

Meanwhile, Drayton Manor’s post-tax profits fell from £1.5 million in 2023, to £840,000 in the year to 30 September 2024.

Looping UK Parks Limited has issued loans to Drayton Manor which stand at £8.6 million, and increase of almost £800,000 in monies owed in the previous reporting year.

Also last year, a dividend of £1.3 million was also paid by Drayton Manor to the holding company.