Lloyds Banking Group-controlled property vehicle Uberior Investments posted a 41% drop in pretax profit last year.
According to its most recent accounts, Uberior’s ?pretax profit for the year ended December 2013 totalled £42.3m, compared with £71.9m in 2012.
During the year the company, which once had an expansive portfolio that included stakes in businesses such as Sunseeker yachts, disposed of £6.8m of investments, compared with £45m the prior year.
Uberior’s balance sheet at 31 December 2013 shows a net asset position of £199.5m, compared with £152m in 2012.
bridget.oconnell@estatesgazette.com
