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Ramsay dishes up a £4m profit for 2004

13 January 2005 by

Gordon Ramsay Holdings served up pre-tax profits of £3.8m last year compared with a £1m loss in 2003.

Turnover in the 12 months to 31 August grew by nearly £10m, from £21.2m to £30.95m.

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Ramsay: cooking up a profit
The profit came despite losses of £800,000 from the closure in December 2003 of the Amaryllis restaurant in Glasgow's One Devonshire Gardens hotel. They do not include the Verre restaurant at the Dubai Hilton, where Ramsay operates as executive consultant chef. The biggest contribution came from the Michelin-starred Gordon Ramsay at ClaridgeÁ¢Â€Â™s restaurant, which more than doubled its pre-tax profits to Á‚£1.4m. RamsayÁ¢Â€Â™s UK empire also includes his eponymous three Michelin-star restaurant in Chelsea, the Boxwood CafÁƒÂ© at the Berkeley Hotel, Angela HartnettÁ¢Â€Â™s Michelin-starred Menu restaurant at the Connaught hotel and three venues run by Marcus Wareing Á¢Â€Â" Petrus at the Berkeley hotel, the Savoy Grill (each with one Michelin star) and the Banquette at the Savoy Grill. Ramsay has two new openings planned for this year Á¢Â€Â" Maze at the London Marriott Grosvenor Square hotel, and a yet-to-be-named restaurant at the new Conrad hotel near Ginza in Tokyo.
TurnoverProfit before taxÁ‚
Gordon Ramsay (Royal Hospital Road) LtdÁ‚£2.7mÁ‚£421,892
Gordon Ramsay at ClaridgeÁ¢Â€Â™s LtdÁ‚£6.7mÁ‚£1.4m
Gordon Ramsay at The Connaught LtdÁ‚£5.8mÁ‚£154,837
Gordon Ramsay at The Berkelely LtdÁ‚£3.5mÁ‚£196,243
Mracus Wareing at The Savoy Grill LtdÁ‚£5.6mÁ‚£432,931
Marcus Wareing at The Berkelely LtdÁ‚£3.2mÁ‚£289,842
Gordon Ramsay Holdings LtdÁ‚£2.98mÁ‚£858,242
Gordon Ramsay Holdings Ltd (Consolidated)Á‚£30.5mÁ‚£3.8m
by Angela Frewin Buy this weekÁ¢Â€Â™s *Caterer* magazine for more industry news and analysis
TagsFinance and Chef
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