Kenwright profits shrink, but West End remains upbeat

benefit reduced by two thirds in major theaters Productions UK producer Bill Kenwright and "difficult" summer collection also can affect

Aa gains

Bill Kenwright Productions, one of the largest producers of UK commercial theater, reduced by two thirds last year and the company has warned against a recession, even after difficult "" The show was their longest running, Blood Brothers, closed after 24 years.

According to the Liverpool Daily Post, the Group before tax increased from £ 2m in 2010 to £ 668,000 the following year, sales rose 13% to £ 30.9 million .

The fall is the Society of London Theatre association announced record revenues at the box office of over £ 528m by its members in 2011. Bill Kenwright Productions has been involved in a number of major productions such as The Wizard of Oz, Legally Blonde and the South Pacific during the year.

Accounts submitted to Companies House also show that Kenwright is not paid a dividend last year on top of his £ 404,000 salary. He received an additional ? 3 million the previous year.

• However, a spokesman said the situation was unlikely to have improved in 2012, during which the company competes with the Olympic and Paralympic Games and the Jubilee celebrations.

"We predicted that this summer would be difficult and, in fact, by all accounts, has been selling tickets to West End and poor emotional decision to take off Blood Brothers at Phoenix, which has tried entering its 25th year, "said the spokesman.

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