PR Newswire
LONDON, United Kingdom, February 25
25 February 2026
HYDRO HOTEL, EASTBOURNE, PLC
(«Hydro Hotel» or the «Company»)
FINAL RESULTS FOR THE YEAR ENDED 31 OCTOBER 2025
HIGHLIGHTS
The profit for the financial year after taxation was GBP286,090 (2024 profit of
GBP350,246). Turnover from the Hydro Hotel operation increased during the year
by 5% (2024 increased by 9%). Earnings per share were 47.68p compared to 58.37p
for the previous year.
The Company’s operating activities generated cash of GBP365,315 (2024 generated
cash of GBP610,313) and it invested GBP80,880 in new fixed assets (2024
GBP166,247). During the year the Company paid ordinary dividends of GBP168,000
(2024 GBP150,000). At the year end the Company had net current assets of
GBP1,866,298 (2024 GBP1,670,097).
CHAIRMAN’S STATEMENT
Results for year ended 31 October 2025
I am pleased to report on the company’s results for the year ended 31 October
2025.
Sales for the year totalled £5,103,491, an increase of 5% on the £4,850,970
sales for the previous year (2024 9% increase). Operating profit for the year
was £314,429 (2024 £393,319). After interest receivable and the corporation tax
charge, the post-tax profits for the year were £286,090 (2024 £350,246). An
interim dividend of 15p per share (2024 13p per share) absorbing £90,000 (2024
£78,000) was paid to shareholders in October 2025. Taking into account the level
of post-tax profits for the year and with the company having strong reserves and
assets, the Board has decided to declare a further interim dividend of 15p per
share (2024 13p per share) absorbing £90,000 (2024 £78,000), which will be paid
on Wednesday 1 April 2026 to shareholders on the register on Friday 13 March
2026. The ex-dividend date will be Thursday 12 March 2026.
The trading environment for the company continues to be challenging with
continuing cost of living increases impacting on operating costs and consumer
demand. With careful monitoring of food and drink costs the gross profit on
those lines increased by 5% compared to the previous year (2024 increased by 9%
compared to 2023). Overall profitability decreased in the year, as a result of
increases in operating costs and staffing costs, including increases in
employers’ national insurance and the national minimum wage.
Repair costs increased by 46% compared to the previous year but included general
maintenance to the fabric of the building, including replacement of fire doors,
remedial work to the hotel’s windows and repairs to the chimney stacks.
Capital improvements at the hotel during the year included the installation of
new air conditioning in the Wedgwood room, replacement of the outside furniture
for the Coastal Terrace, replacement of two boilers and their flues, as well as
general refurbishment of some bedroom interiors.
Developments since 31 October 2025
New marketing techniques will continue to be developed during the year to
further encourage direct bookings at the hotel, which show an increase, year on
year.
Updating of the pool furniture will be undertaken in the coming year together
with replacement of the outside garden lighting. A major replacement of the main
lift at a cost of £138,750 is also to be undertaken in the year. General
refurbishment of bedrooms and public areas will continue.
We continue to improve the physical and cyber security of the hotel’s assets,
and are further towards Cyber Essentials accreditation.
I am also pleased to report that the quality of the hotel’s offering was
recognised locally by its winning of the Outstanding Tourism and Accommodation
Award at the 2024 Eastbourne Business Awards ceremony held on 29 November 2024
at the Winter Gardens, Eastbourne.
Our Staff
I would like to congratulate our General Manager, Jonathan Owen, on the results
achieved for the hotel this year, despite ongoing challenges for the hotel and
tourism industry.
I wish also to record our thanks to our management team and all our staff for
their dedication to the hotel. We continue to invest in our team, working to
train and retain valued members of staff who continue to deliver the Hydro’s
renowned quality of service which our customers value so much.
Christopher J Bean LL.B (Hons)
24 February 2026 Chairman of the Board
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 OCTOBER 2025
2025 2024
GBP GBP
Turnover
Continuing operations 5,103,491 4,850,970
Cost of sales (4,495,272) (4,185,435)
Gross profit 608,219 665,535
Administrative expenses (293,790) (272,216)
Operating profit 314,429 393,319
Interest receivable and similar income 79,101 76,196
Profit before taxation 393,530 469,515
Taxation (107,440) (119,269)
Profit for the financial year GBP 286,090 GBP 350,246
Earnings per share – continuing operations 47.68p 58.37p
Earnings per share have been calculated using 600,000 shares, being the weighted
average number of shares for both years. The company has no potential ordinary
shares, therefore basic and diluted earnings per share is the same figure.
STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2025
2025 2024
GBP GBP
Fixed assets
Tangible Assets 2,402,767 2,497,935
Current assets
Stocks 51,010 47,810
Debtors 166,540 154,155
Investments 1,000,000 –
Cash at bank and in hand 1,658,366 2,462,830
2,875,916 2,664,795
Creditors: Amounts falling due within one year (1,009,618) (994,698)
Net current assets 1,866,298 1,670,097
Total assets less current liabilities 4,269,065 4,168,032
Provisions for liabilities (131,848) (148,905)
Net assets GBP 4,137,217 GBP 4,019,127
Capital and reserves
Ordinary Shares – Authorised and Issued:
600,000 Shares of GBP1.00 each fully paid 600,000 600,000
Revaluation reserve 385,535 389,814
Profit and loss reserves 3,151,682 3,029,313
Total equity GBP 4,137,217 GBP 4,019,127
STATUS OF FINANCIAL INFORMATION
The financial information set out above does not constitute statutory accounts
as defined in section 434 of the Companies Act 2006. This has, however, been
extracted from the statutory accounts for the year ended 31 October 2025. These
accounts have not to date been delivered to the Registrar of Companies. The
Company’s auditor, UHY Hacker Young LLP, has issued an unqualified audit report
which does not contain a statement under section 498 of the Companies Act 2006
in respect of these accounts.
DIVIDEND ANNOUNCEMENT
An interim dividend of 15.0 pence per share (2024 13.0 pence paid) is to be paid
on 1 April 2026 to shareholders on the register on 13 March 2026. The directors
do not propose the payment of a final dividend.
The Directors of Hydro Hotel, Eastbourne, plc accept responsibility for this
announcement.
For further information please contact:
Hydro Hotel, Eastbourne, plcSally GausdenTelephone: (+44)(0) 1323 431200
AlbR Capital Limited Telephone: (+44)(0) 2074 690930
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.
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