Duchy of Lancaster Annual Report and Accounts Year Ended March 31st 2016
The Duchy of Lancaster has today published its financial results for the year ended March 31st 2016.
During the year:
- Net surplus increased by 7.7% to £17.8m
- Net asset value increased by 4.8% to £494.7m.
Nathan Thompson, CEO and Clerk of the Duchy Council, said: “The Duchy continues to develop a robust and sustainable business strategy informed by ever-improving business information systems and an experienced team. Our consistent aim is to deliver attractive returns, while continuing to protect and enhance the Duchy’s assets for future generations.”
The Duchy of Lancaster is a private landed estate which provides the Sovereign with a source of income that is independent of Government and the public purse. The Duchy is self-financing and does not rely upon public funds in connection with its activities.
To view/download a copy of the Annual Report and Accounts for the year ended 31st March 2016, please visit the Financial Reporting page of this website (www.duchyoflancaster.co.uk).