The 27 partners of Scottish property agent Ryden will share a profit of £4.8m, produced in the year to April 2008.
This is down on a profit of £6.6m the previous year, according to accounts recently filed at Companies House.
The average profit per member this year has dropped from £266,600 in 2007 to £179,000.
The firm’s turnover fell by 15% during the year to £13m “as the volume of activity in the property investment markets fell in line with the firm’s expectations”, according to managing partner Fiona Morton.
She said: “The short-term position is challenging. Medium-term prospects are considered to be better, with renewed activity in the property investment markets anticipated as values are expected to reach the bottom of their cycle during 2009.”
The amount received by the highest paid member of the 128-strong LLP for this period has not been revealed. However, the accounts show that last year the highest paid director took home £782, 600.
