PORTABLE hotel company Snoozebox hopes that a move into construction sites, hospitals and temporary housing will bed down the new management’s plans for growth.
The company, which started life offering beds in shipping containers during motoring events, is hunting for new business after replacing its top team in April amid “serious financial and commercial issues”.
While the firm is yet to sign contracts with the NHS or local authorities with a shortage of short-term housing, Snoozebox is looking to invest in new containers to be used in this type of work.
The company posted a pre-tax loss of £5.1m for the first half of the year, compared to £1.7m of losses a year ago. Revenues rose from £1.9m to £4.3m over the six month period.
“Despite the challenges the company has faced, I am pleased to report that, in delivering the events programme, occupancy levels have been higher than we anticipated,” said chairman David Morrison in a statement.