Lord Sugar’s property and trading vehicle restarted dividend payments last year, despite posting a pre-tax loss of £40m on the back of a decline in the value of its assets.
According to accounts filed at Companies House, Amshold Group, wholly owned by the star of The Apprentice, reported a loss of £40m for the year to the end of June 2018, compared with a profit of £54m in the same period the previous year.
The loss reflects a decline in the value of Amshold’s investment properties and a loss on the disposal of properties — therefore it is a paper loss rather than a cash loss.
