Duchy of Lancaster Annual Report and Accounts for Year Ended 31st March 2018
The Duchy of Lancaster has today published its financial results for the year ended March 31st 2018.
During the year:
• Net surplus increased by 4.9 % to £20.2m
• Net asset value increased by 2.9 % to £533.8m.
Nathan Thompson, CEO and Clerk of the Duchy Council, said: “This has been another positive year for the Duchy with strong growth in almost all of our business sectors. The continued push on restoration and a more focussed in-house approach to the management of our Surveys has served us well this year and contributed significantly to further improving tenant relations, reducing voids and increasing efficiency.
“I would like to thank all members of the Duchy team and our tenant partners for their positive contributions over the past 12 months.”
The Duchy of Lancaster is a historic portfolio of land and assets held in trust for the reigning Sovereign. It provides the Monarch with a source of income that is independent of Government and the public purse. The Duchy is self-financing and does not receive any public funds in connection with its activities.
To view/download a copy of the Annual Report and Accounts for the year ended 31st March 2018, please visit the Financial Reporting page on our website (www.duchyoflancaster.co.uk).