Lord Sugar’s Amshold Group has reported a 20.5% increase in net asset value to £627.2m for the year to 30 June 2015.
The increase was attributed to a “significant uplift in property valuations and retained profits in the financial year”, including a large profit on the sale of 18-21 Haymarket, SW1, in June 2015, joint company director Michael Ray said.
The parent company for Sugar’s businesses – including property trading and investing company Amsprop, aircraft chartering company Amsair and digital advertising company Amscreen – reported a total group operating profit of £133.4m, an increase of 26.1% on the previous year.
Rental income was up 20.2% to £15.7m over the same period.
Investment properties held by the group were valued at £431m with debt of £186m, representing a loan-to-value ratio of 43%.
Directors’ pay was £1.2m, up 0.3% on the previous year.
Amshold’s five directors are Sugar, his sons Daniel Sugar and Simon Sugar, and Michael Ray and Roger Adams.
Staff wages totalled £2.3m, a decrease of 2%.
Ray said the group was committed to enhancing its current stock through asset management and acquisitions.
“We are financially extremely well placed to do this but continue to be mindful of the extremely buoyant market conditions,” he added.
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