London & Cambridge Properties annual strategic report reveals increase in turnover, pre-tax profits and investments

London, 2016-Nov-23 — /EPR Retail News/ — London & Cambridge Properties (LCP), one of the UK’s largest private owners of retail, industrial and office property to let, has posted an “exceptional year” of results, with an increase in turnover, pre-tax profits and investments.

The company’s annual strategic report for the financial year ending March 31, 2016, reveals that the group’s turnover was £98.430 million – up from £93.147 million the previous year – with pre-tax profits of £70.1 million, up £9.484 million from 2014/2015.

Investments across the group’s UK portfolio have also risen by more than £107 million over the past 12 months, with stock valued at £979.841 million. In continental Europe, its investment portfolio was valued at £183.281 million by March 31, 2016 – an increase of £45.338 million.

The strategic report also reveals that the revaluation of the group’s investment properties at March 31, 2016 resulted in a revaluation uplift of £31.2 million – an improvement of 3.1%.

James Buchanan, LCP’s investment director, said the 12-month period saw the company focus its acquisitions on neighbourhood shopping parades in the UK, acquiring properties to the value of £76.1 million. This included the £36.65 million Navigation portfolio of 19 sites that stretch from North Lanarkshire to West Sussex.

Nick Burgess, managing director of LCP, whose headquarters is based in Kingswinford, West Midlands, said: “This has been another exceptional year for LCP as we have continued our bold strategic plans to acquire properties that provide us with the maximum opportunities for investment and added value

“We remain committed to investing further in both retail and industrial portfolios across the UK and are in a strong position to do so. Our strategy is to improve returns and achieve asset growth through intensive management and development of our properties.

“Across the UK, our occupancy levels remained constant at 93%, although there was a 1.3% improvement in retail occupancy levels, which again reflects the success of our management approach to our portfolio.”

He added that any impact on the company from the result of the EU referendum will be assessed once economic data becomes available in the next six months.

Media Enquiries:

If you have any media enquiries please email kyates@lcpproperties.co.uk

Source: London and Cambridge Properties

Venulum Has Recorded A 27% Increase In Sales Figures For Cadman Fine Wines

Venulum set up the retail business in 2004 under the Cadman Fine Wines brand to compliment the wine investment side of the business.

Giles Cadman, Chairman of Venulum Group, said, “The increase we are experiencing is due to an expanding customer base, together with increased internet sales driven by unique promotional offers. We were also short listed by Decanter Magazine for the UK online wine merchant of the year which no doubt helped broaden our visibility”.

Giles Cadman believes that what really sets the business apart from other fine wine merchants is the ability of his clients to order fine and rare wines by the bottle. Clients are also able to make up their own cases and choose from themed mixed cases – offering a premium selection of wines. Giles shares a passion for fine wines with his clientele; from 1st growth Bordeaux, Grand Cru Burgundy and Super-Tuscans, to new wines from newcomers to wine production.

“Having a retail presence also benefits our investment clients who invest in forward purchase agreements, En Primeur and wine contracts,” explains Cadman. “When the wine contracts become physical we have the opportunity to sell back to the trade or to sell retail through Cadman Fine Wines and retain more of the margin for our investors” he adds.

A majority of Cadman Fine Wines clients come from the web and the site is continuously developed to take advantage of the latest technology. A lot of traffic has been driven by very good reviews from highly regarded independent wine websites

Mike King, Director of Venulum En-Primeur and Wine Limited, has also seen the benefits of having a retail business when dealing with negotiants in Bordeaux and Burgundy. King heads the team who make the annual pilgrimage to the French tastings to buy on behalf of Venulum Wine Limited, Venulum Wine LLC and Cadman Fine Wines. “Negotiants want profile for their product and so we are very attractive to them because we market their wines” he explains. “We get preferred status on most allocation lists now which gives us significant buying power” he adds.

About Venulum:
The Venulum Group is a multinational private wealth management firm headquartered in the British Virgin Islands. The Group manages the wealth of high net worth individuals, and specialises in alternative investments often not available to the general public. Venulum helps high net worth individuals balance their portfolios.

The Venulum Group was formed in 2002, and has expanded to include offices in four countries, with service offices in a further two. Since 2002 Venulum’s client base has expanded rapidly, and now has a substantial number of United States based clients.

Via EPR Network
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