Land, property and hotel firm Cameron Hall Developments has returned to profit after weathering the impacts of Covid.
Newly published accounts for the Wynyard-based business show it made an operating profit of £1.8m in the year to the end of December 2021, compared with a £3.1m loss in restated 2020 accounts. In April, the business - set up by property tycoon Sir John Hall - reported a large £2.6m loss on the sale of one of its properties to two of Sir John's grandchildren.
During the period turnover moved up to £2.1m from £872,000, though still well below the £8.2m generated in 2019. Writing in a report accompanying the accounts, director Sarah Antonopoulos, said: "Overage sales in the period have seen turnover increase from £871,625 to £2,109,180, with profit before tax increasing from a loss of £3,103,382 to a profit of £1,808,126. This being a result of the increase in overage sales as well as a large loss on disposal in the prior year.
