Financial information

We are first and foremost a commercial organisation. We have a mandate under the Crown Estate Act 1961 to deliver a return on our assets - in other words to make a profit. And all our profit goes to the Treasury for the benefit of the nation.

Annual report and accounts 2011

Under the Act we have to deliver sustainable long-term growth, both in terms of the capital value of the estate and in terms of revenue. We achieve this through combining our forward-thinking strategies and established assets; by being active traders, investors and developers.

For the year ending 31 March 2011 we delivered to the Treasury £230.9 million. For the first time our total property value reached more than £7 billion, our total capital value amounting to £7.3 billion.

Financial highlights throughout the most recent reporting period include:

  • On the urban estate the value of the portfolio increased by 11.6 per cent to £5.2 billion. Activity in the capital markets was reflected by the fact that the commercial portfolio outperformed the IPD Quarterly benchmark (IPD Universe) by 3.6 per cent, delivering a total return of 14.9 per cent.
  • On the marine estate revenue increased by 1.7 per cent to £47.4 million. Total property value rose to £586.9 million, up 32.3 per cent on the previous year and delivering a 36 per cent total return. There was an increase in income from renewables, which rose by 34.6 per cent to £3.5 million as work to facilitate and enable this fledgling industry gathered momentum. The coastal estate, which includes marinas, ports, and harbours, added £14.3 million in revenue, an increase of 8.5 per cent.
  • The capital value of the rural estate exceeded £1 billion for the first time, a rise of 8 per cent. Active asset management saw revenue rise by 2.4 per cent to £25.7 million, delivering a total return of 12.1 per cent.
  • On the Windsor estate revenue rose by 3 per cent to £6.8 million, and capital value rose by 5.3 per cent to £185.9 million.

Annual report and regional inserts

Download PDF versions of our 2011 annual report and regional inserts:

Annual report and accounts 2011  (PDF, 5.2 MB)
Scotland report 2011  (PDF, 2.4 MB)
Northern Ireland highlights 2011  (PDF, 310 KB)
Wales highlights 2011 (English)   (PDF, 733 KB)
Uchafbwyntiau ariannol Cymru 2011 (Cymraeg)  (PDF, 443 KB)