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News | 5th August 2022

Buccleuch back in the black


Staycations boost Estate’s profits after pandemic

Buccleuch has posted a healthy return to underlying profit in a “difficult” pandemic year. But the property investment and land management group is warning that challenging conditions are likely to persist within its business.

Accounts for parent company MDS Estates reveal an underlying operating profit of just over £4.47 million for the financial year to the end of October 2021 which compares with a loss of more than £6.8m the year before.

Group turnover jumped to a little over £93m from about £48.7m previously.

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