A HIGHLAND firm owned by Scotland’s richest man has posted another multi-million-pound loss.
Wildland Limited – a hospitality and estates firm – is owned by Anders Holch Povlsen, who has a net worth estimated at £8.5 billion in the most recent Sunday Times Rich List.
First reported in the Press & Journal, the firm’s account for the year ending July 31 2023 show pre-tax losses of £9.3 million, following a £6.8m deficit in 2022.
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The strategic report signalled that the cost of running and maintaining the estates was a “significant” overheads, marking inflation and high energy costs as challenges going forward.
Povlsen said: “The group increased gross revenues (including operating grant income) by 6% but our net margin overall remained negative.
“Woodland, farming and property once again made positive contributions to margin, whilst our serviced hospitality business tipped back into loss.”
The report states rising costs and lower occupancy “pinned back” its hospitality performance.
The Danish billionaire – who made his fortune with fashion business Asos – is also Scotland’s largest landowner, with more than 220,000 acres across 13 estates, including in the Cairngorms, Sutherland and Lochaber.
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