McArthurGlen 海角视频, the group behind outlet shopping centres such as Cheshire Oaks, has declared a substantial dividend to its owner following a surge in sales and profit. The company issued a dividend of 拢58.9m for 2023, a significant increase from the 拢2.2m paid out in 2022.
According to recently filed accounts with Companies House, the group's revenue leapt from 拢128.4m to 拢164m within a year. Over the same period, its pre-tax profit also climbed from 拢15.7m to 拢44.3m, as reported by .
In the 海角视频, McArthurGlen operates sites in locations including Cheshire Oaks, Ashford, Bridgend, South Normanton, Swindon, Cannock, and York. The company also runs 18 locations across Europe and one in North America.
Sales at the 海角视频-based Cheshire Oaks site rose from 拢40.2m to 拢43.9m, while European sales jumped from 拢84.4m to 拢115.6m. In North America, revenue increased from 拢3.6m to 拢4.3m.
Despite the rise in revenue and profit, the average number of people employed by the group during 2023 fell from 824 to 748. However, expansion is on the horizon for the Cheshire Oaks owner.
A statement approved by the board said: "McArthurGlen Group... will assist in opening new retail space across Europe in the next years."
It added that extensions are underway at several operating centres across Europe and numerous new opportunities are being explored, including the opening of new phases in Vancouver, Cannock, and Malaga.
"We reasonably expect to retain the management of all existing centres currently in the portfolio, including Berlin and Neumunster which have been recently marketed for sale by the investors."
"The directors consider that the group and company will continue to perform their principal activities for the foreseeable future."
