Villa Gaiety records £1.5m loss in 2023

Income down £300k, while staffing and infrastructure costs increase

The Villa Gaiety complex made an operating loss of just over £1.5million in 2023.

During the year, the facility had a total income of £2.3m, down £300,000 compared to the year before, while staffing and infrastructure costs increased.

In 2022, the site reported a loss of just over £700,000, but was also awarded a contingency fund of almost £600,000 for the Royal Hall, without which the deficit would have been more than £1.3m.

Income from events held at the complex was down almost half a million pounds, while bars and hospitality saw their income grow by more than £100,000.