The business enterprise of Gordon Ramsay is reported to have made a profit of £4.2m in the 11 months to August, up from £2.47m the year before.
The figures come after the entrepreneur and television star combined his two entities, the heavily loss-making Gordon Ramsay Holdings International, which owns all his restaurants opened since September 2007, and Gordon Ramsay Holdings, which encompassed the rest of the chef’s businesses.
Gordon Ramsay Holdings International, which included the majority of the chef’s overseas restaurants, had previously lost £8.3m after writing off loans to restaurants in the US and France.
The chef and his father-in-law business partner Chris Hutcheson had to pump £5m in cash into the business to prevent a fall into administration. Ramsay also sold restaurants in New York, Los Angeles and France, which he now handles via a consultancy agreement.
Ventures, his business which owned The Devonshire pub in Chiswick and restaurants in Prague, Florida and Capetown, has closed.
Martyn Leek is news editor of BigHospitality's sister publication, M&C report.