Financial Information
The "turnover" of the Duchy Originals Ltd company, which is the royalty income notified to the company and which is also the gross profit, came to £4.86 million in 2006/7. Administrative expenses came to £3.31 million, giving an operating profit of £1.53 million.
The company Duchy Originals Ltd is a wholly owned subsidiary company of The Prince's Charities Foundation, and from the profit of £1.53 million, a charitable donation of £743,000 was given to the Prince's Charities Foundation. The proceeds from sales of Duchy Originals products in Canada are donated to the charities associated with The Prince's Charities Canada. More than one million dollars has been raised annually in this manner.
For Financial Year 2008/9, Duchy failed to make any profits and turnover slumped to £2.2 million. With an operating loss of £3.3 million, this is compared to the previous years operating profit of £57,000. This was prior to the exclusive arrangement with Waitrose which rescued the brand.
Read more about this topic: Duchy Originals From Waitrose
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