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.

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.

The figures cover Ramsay’s seven London restaurants – including those run by his two chef-patron protégés Angela Hartnett and Marcus Wareing – which hold seven Michelin stars between them.

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 Claridge’s restaurant, which more than doubled its pre-tax profits to £1.4m.

Ramsay’s UK empire also includes his eponymous three Michelin-star restaurant in Chelsea, the Boxwood Café at the Berkeley Hotel, Angela Hartnett’s Michelin-starred Menu restaurant at the Connaught hotel and three venues run by Marcus Wareing – 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 – Maze at the London Marriott Grosvenor Square hotel, and a yet-to-be-named restaurant at the new Conrad hotel near Ginza in Tokyo.

	Turnover	Profit before tax
Gordon Ramsay (Royal Hospital Road) Ltd	£2.7m	£421,892
Gordon Ramsay at Claridge's Ltd	£6.7m	£1.4m
Gordon Ramsay at The Connaught Ltd	£5.8m	£154,837
Gordon Ramsay at The Berkelely Ltd	£3.5m	£196,243
Mracus Wareing at The Savoy Grill Ltd	£5.6m	£432,931
Marcus Wareing at The Berkelely Ltd	£3.2m	£289,842
Gordon Ramsay Holdings Ltd	£2.98m	£858,242
Gordon Ramsay Holdings Ltd (Consolidated)	£30.5m	£3.8m

by Angela Frewin

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