Statement by the Eden Project
The consolidated accounts of the Eden Trust (including Eden Project Limited) for the year ended 31 March 2013 were submitted at the end of last year (2013).
As previously noted in statements by Eden and its directors, 2012 was an exceptional and difficult trading year due to the impact of the Olympics, poor weather and general economic conditions and this is reflected in the consolidated results which show a loss of £6.3m. After removing the impact of depreciation, Eden made a cash loss from trading of £1.3m in the year to 31 March 2013.
While this represents a disappointing result, since the end of the last financial year there have been significant and necessary changes at Eden. This was reflected in the two staffing restructures that occurred in 2013, resulting in 67 employees leaving the business with further posts saved through people leaving and not being replaced.
Further savings have been made throughout the business at all staffing levels. The net result is that Eden will deliver a cash surplus from trading in excess of £2m in the year ending 31 March 2014.
We would like to take this opportunity to thank the visitors who have supported us, all of our stakeholders and the entire Eden team who have helped pull us through a difficult time and we look forward with optimism to 2014.