Gordon Ramsay’s company suffers £3.8m annual loss

Business loss: Gordon Ramsay GORDON Ramsay’s restaurant empire swung to a loss last year as the celebrity chef disclosed plans to shut the Maze in London’s Mayfair.

Mr Ramsay’s holding company Kavalake booked a pre-tax loss of £3.8m in the year to August 31, 2017, which compares with a £102,000 profit in 2016.

Revenue at the group, which includes the Petrus, Savoy Grill and Bread Street Kitchen brands, came in slightly down at £51.4m.

Sales were impacted by a fivemonth closure of Plane Food, the chef ’s Heathrow Terminal 5 operation.

But turnover at Mr Ramsay’s international arm rose 52%, with the firm to open five new sites.