Charles Saatchi's firms losing millions
Charles Saatchi’s firms have lost almost €5.8 million in the last year, it has been reported.
The art dealer, who was seen apparently assaulting his wife Nigella Lawson last week, has lost a total of £4.4 (€5) million in the last year.
New accounts for two of his companies show Blyth Films Llp has lost £3.2million while Marchill Investments lost £1.2 (€1.4) million.
Marchill runs the famous Saatchi gallery off the King’s Road in Chelsea, but the loss has risen by £1million (€1.17) since last year.
The company notes: “Members regard the results and future prospects to be satisfactory.”
It added there is “a reasonable expectation that the LLP has adequate resources to pursue its business plans and is well placed to manage its business risks successfully despite the current uncertain outlook.”
Blyth Films invests in British films but lost £2.76 (€3.23) million more than it did the previous year.
The firm has previously invested in films such as Kidulthood and Confetti and spent £17.7(€20) million to lease X-Men First Class back to producers this year.
Mr Saatchi accepted a police caution this week after he was pictured with his hand around his wife’s neck as they dined in Mayfair.
The photographer was paid £14,000 for the pictures of the apparent domestic abuse.