Private business: Beetham Organisation cuts losses to pounds 600k.THE Liverpool-based Beetham Organisation specialises in the construction of mainly residential skyscrapers.
In Liverpool its Beetham Tower Beetham Tower is a name shared by several high-rise buildings in separate cities in the United Kingdom, financed and owned by the Beetham Organization. They are primarily residential buildings, but two also have hotel and conference facilities. in Old Hall Street is now one the city's most striking landmarks and planning has been approved for a second 40-storey tower nearby.
The company is also building a pounds 150m tower in Manchester city centre
However, its most ambitious proposal to date is a pounds 500m68-storey residential tower planned for central London The term Central London refers to the districts of London which are considered closest to the centre. There is no such conventional definition, nor any official one, for the entire area that can be called "central London". , at the site of the former Sainsbury's headquarters near Blackfriars bridge
Blackfriars Bridge is a road and foot traffic bridge over the River Thames in London, between Waterloo Bridge and Blackfriars Railway Bridge carrying the A201 .
The spectacular design will feature a 440,000 sq ft, six-star hotel and 310,000 sq ft of residential space and at 740 ft, would provide the highest living space and public viewing gallery in the UK.
Southwark Council is now considering whether to give the go-ahead for the scheme on the South Bank at the junction of Blackfriars Bridge and Blackfriars Road Blackfriars Road is a road in Southwark, SE1. It runs between St George's Circus at the southern end and Blackfriars Bridge over the River Thames at the northern end, leading to the City of London. Halfway up on the west side is Southwark tube station, on the corner with The Cut. on the southbank of the Thames. In recent weeks the firm, which is owned by developer Hugh Frost and his sons Simon Frost and Stephen Beetham, has published its annual accounts for the year ended September 30, 2004.
The report and accounts for the Beetham Organisation shows a pre-tax loss for the year of just under pounds 600,000 - a considerable improvement on2003's loss of almost pounds 2m. Turnover was just over pounds 1m compared to pounds 379,000 in 2003.
Beetham Organisation has fixed asset investments in 32 different companies.
They include a company called Beetham Landmark Liverpool which for the financial year reported a loss of almost pounds 8m. The most profitable was a company called City Housing(Liverpool) which reported a profit of pounds 1m.
Hugh Frost is the company's majority shareholder holding a 67% stake. Stephen Beetham holds around 27% while the remainder is held by Simon Frost.
During the year interim dividends totalling just over pounds 85,000 were paid, down from pounds 342,000 in 2003. It was recommended that no dividend be paid for this year.
The accounts also show that during the year Beetham made charitable donations totalling just under pounds 25,000