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Diamond Jubilee and Olympics get Snoozebox up and running

26 September 2012 by

The Queen's Diamond Jubilee, the Olympic Games and the Paralympic Games helped kick-start a successful period of trading for Snoozebox - the portable hotel accommodation provider - according to the company's maiden interim results.

Despite extreme weather during the construction of the temporary hotels, which put the company's equipment and systems under considerable strain, Snoozebox provided 280 rooms for the Jubilee Pageant and 320 rooms for the Olympic security village at Hainault in Essex.

Snoozebox, which floated on the AIM on 1 May 2012, now has 520 rooms in operation.

The company launched the 40-room prototype Snoozebox at the F1 British Grand Prix in 2011, and a 240-room hotel installed for the 2012 race sold out. Planning permission has now been received for a year-round 80-room unit in the centre of the circuit.

Future orders include a 300-room unit at the World Police and Fire Games in Belfast in July/August 2013 and 200 rooms in Londonderry during the City of Culture activities later in the year.

Turnover for the six-month period - generated from just over two months trading - to 30 June 2012 was £1.86m and gross profit was £197,000.

Robert Breare, Snoozebox's chief executive, said there was a flourishing demand for portable accommodation. "The Snoozebox product has broad appeal across a number of markets and the company is well positioned to take advantage of the multiple and varied opportunities open to it," he added.

"2012 trading remains in line with expectations and we have an encouraging pipeline of new corporate clients and a wide-ranging programme of forthcoming events both in the UK and internationally."

By Janet Harmer

E-mail your comments to Janet Harmer here.

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