V&A Dundee chairman explains £1.1 million loss in first full year of trading
V&A Dundee lost £1.1 million in first full year of trading © SYSTEM V&A Dundee’s chairman said high energy bills and visitors spending less than expected were among reasons for a £1.1 million loss before the pandemic hit. The deficit meant Design Dundee Limited, the charity established to develop and run the V&A, lost two-thirds of its value. The newly filed accounts show the design museum generated income of £6.23m but incurred costs of £7.34m in the year to the end of March 2020. The accounts are the first to reflect a full year of trading since the attraction opened in September 201...
Source: thecourier.co.uk
