Pretax profit has increased by nearly 57% for Soho landlord Raymond Estates.
The firm, which is run by Howard Raymond – son of the late Paul Raymond – posted pretax profit of £5.8m for the year to 31 March 2014, up from £3.7m the previous year.
During the same period turnover rose 6% to £5.4m.
Also during the financial year, the company agreed bank loans of £25m secured on three properties in its portfolio.
Raymond Estates was established in 2011 when Paul Raymond’s estate was divided between his granddaughters, Fawn and India Rose, who own Soho Estates, and Howard Raymond.
joanna.bourke@estatesgazette.com
