Ed Sheeran’s property empire accounts surpass £38MILLION – but his Notting Hill restaurant and pub are £1.2m in the red due to pandemic
- In documents seen by MailOnline, Ed’s Maverick Properties Ltd has £35,769,804 in assets and Maverick Commercial Properties has £2,687,906 in assets
- However his pub and restaurant in Notting Hill, Bertie Blossoms, has made a loss of nearly £1.2million
- Back in July, the singer decided to take on a more hands-on role with his pub and property empire
- It’s reported Ed’s property empire is worth £65million
Ed Sheeran’s property empire accounts surpass £38million, latest figures show.
However, the singer, 30, who is estimated to have a portfolio worth a staggering £65million, has been hit by the pandemic with his pub and restaurant in Notting Hill, Bertie Blossoms, making a loss of nearly £1.2million.
In documents seen by MailOnline, Ed’s Maverick Properties Ltd has £35,769,804 in assets, after he added £3.012m worth of property.
Money: Ed Sheeran’s property empire surpasses £38million, latest account figures show
Meanwhile, Maverick Commercial Properties has £2,687,906 in assets after Ed added property worth £994,342 in 2020. The combined total of the two accounts is £38,457,710.
In the hospitality side of his empire, Ed’s company That Dive Bar Portobello Ltd is -£565,063, while Fat Punt Ltd is -£623,661.
The closure of Ed’s pub and restaurant during lockdown made his accounts plunge nearly £1.2million in the red.
Loss: However the singer has been hit by the pandemic with his pub and restaurant in Notting Hill, Bertie Blossoms, making a loss of nearly £1.2million
Ed previously spoke about how the pandemic hindered his business to The Sun: ‘It’s had a rocky start as it opened two months before the pandemic…if you’re looking to make a small fortune in the food industry you should start with a large fortune
‘It’s one of these things where, unless you’re Jamie Oliver or Gordon Ramsay and you have loads of restaurants, it’s very difficult.’
Back in July, the Shape Of You hitmaker decided to take on a more hands-on role with his pub and property empire ahead of releasing his first solo single, Bad Habits, in four years.
The singer appointed himself as a director of Maverick Properties Limited, which is said to manage £26million of his investments.
In documents first seen by The Sun, Ed was also been named as a director to both Fat Punt Limited and That Dive Bar Portobello Limited.
Hot property: Ed splashed £10million on the London property market over the years, growing his empire to 27 flats, houses, and mansions, as well as his own 16-acre estate in Suffolk
The hitmaker, who became a father to daughter Lyra last year, has not previously been a director of any of the companies and instead left control to his manager and advisor Stuart Camp.
Ed has long been the main shareholder in the companies but his recent signing up as a director indicates a more hands-on approach in helping to run the firms himself.
That Dive Bar Portobello Limited made a loss of £227,000 in 2019 while Fat Punt Limited had losses of £620,000.
However, the bulk of Ed’s income comes from his hugely successful music career where he earned £250million from touring alone.
The Sun previously reported that Ed’s property empire consists of 27 houses, flats and commercial properties are thought to be worth £65million.
Ed owns a sprawling Suffolk estate and a mansion in London along with two properties in Covent Garden and a pair of flats in Battersea.
Lucrative: The bulk of Ed’s income comes from his hugely successful music career where he earned £250million from touring alone (pictured earlier this month in Florida)
Source: Read Full Article