THE Kent & East Sussex Railway (KESR) has got itself on to a more secure financial footing in the 2023 season – despite the strong headwinds.
With the heritage railway sector facing a host of challenges, Dr Robin Coombes, the line’s general manager, said the KESR has“not only survived but thrived.”The news formed part of his report delivered to the KESR’s Annual General Meeting.
“In a time when many visitor and heritage venues experienced reduced numbers, we proudly achieved a 13% increase in passenger numbers,” he said.“Moreover, the critical indicator of financial health, revenue per passenger, also saw an upswing. Our passengers not only increased in number but also in their contribution to our financial stability.”
He said one of the most remarkable achievements this year has been the railway’s financial transformation.“We managed to turn around a daunting £380,000 loss in 2021/22, coming close to achieving a financial break-even point. By focusing on strategic financial reviews and tight financial control, we have shaped our trajectory towards fiscal health. We have cash in the bank.”
Developments
The line has also seen what Dr Coombes describes as a “significant surge”in volunteer numbers.“With more than 150
