News Column

Auctioneers on the up and up

February 28, 2014

Lyon & Turnbull, Scotland's oldest auction house has reported continuing steady growth in profits and assets, according to short accounts posted at Companies House. The Edinburgh-based business, founded in 1826 and resuscitated in 1999 in a deal backed by board member Sir Angus Grossart, saw net assets and shareholder funds rise to pound(s)2.05m in the year to July 2013, from pound(s)1.97m the previous year and pound(s)1.79m in 2011. Some pound(s)64,000 was added to the profit and loss account. Growth has been largely due to its presence in London's exclusive Pall Mall.

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Source: Herald, The (Scotland)

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