Glastonbury reports £3.1m loss in latest accounts
Company turnover was down to £936k after the pandemic forced the cancellation of the festival for a second successive year
News By James Hanley | 10 January 2022
The UK’s Glastonbury festival posted a loss of £3.1 million for the year ending March 2021, according to documents posted on Companies House. The event was forced to cancel due to the pandemic for a second successive year in 2021.
Turnover was down to £936,000, compared to £45.867m in the previous 12 months. Post-tax losses amounted to £370,330 in 2020.
“Since 2009, the company has retained profits in order to provide a float for the next festival,” says the documents. “Due to the company retaining profits…
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