The value of Soho Estates, the London property empire left by porn baron Paul Raymond, has risen above the £1bn mark.
Pre-tax profit at Soho Estates fell from £31.3m to £1.2m, meaning the landlord’s owners, including Raymond’s granddaughters India Rose James and Fawn James, received no dividend last year.
Disclosures to Companies House said that turnover would likely decrease as the company, which owns Kettner’s Townhouse, Soho House and Queen’s House, shores up its estate following the pandemic.