VS Series

The Dorchester v The Ritz

Park Lane against Piccadilly: two grand hotels on the books

The Ritz leads on turnover, pre-tax profit and profit margin; The Dorchester on growth and net assets. The Ritz is the biggest by turnover at £133m, against £89m at The Dorchester. The Ritz keeps more of every £100 it takes, £19.12 as pre-tax profit.

The year ends are close enough to compare like for like. The Ritz files its accounts in euros; its figures here are in pounds at Bank of England rates (the average over the year for income and profit, the year-end rate for net assets and cash), and growth is measured in the filing's own currency.

Accounts compared: The Dorchester to Dec 2025 · The Ritz to Dec 2025

The Numbers

MeasureThe DorchesterDorchester Hotel LimitedThe RitzThe Ritz Hotel Limited
Turnover£89m£133m
Turnover change+20.4%+7.4%
Pre-tax profit-£27m£25m
Profit margin-30.3%19.1%
Employees741609
Pay per head£50,000£75,000
Turnover per head£120,000£218,000
Net assets£231m-£84m
Bank and cash£16m£21m
Accounts toDec 2025Dec 2025
BasisSingle companySingle company

The leader on each measure is marked. Movements are against each company's own prior year. Pre-tax profit is filed except where marked (est.).

Category winners

The Takeaway

  1. The Ritz converts the most of its turnover. Of every £100, £19.12 reaches pre-tax profit, against a loss of £30.32 at The Dorchester.
  2. The Ritz is the largest on the top line, £133m of turnover, 1.5x The Dorchester's £89m.
  3. The Dorchester is growing fastest, turnover +20.4% on its own prior year.
  4. The Dorchester is the biggest employer with 741 people; The Ritz pays the most per head, an average staff cost of about £75,000.
  5. The Dorchester has the largest balance sheet, net assets of £231m, while The Ritz holds the most cash at £21m.

Who keeps the most of every £100 of sales?

The Ritz keeps the most: £19.12 of every £100 of turnover becomes pre-tax profit. The Dorchester does worst, losing £30.32.

Financing bites hardest at The Dorchester: £18.09 of every £100 goes on interest.

Every profit figure here is the one the company filed.

The chart splits each company's turnover into £100: what goes on people, on interest and on everything else, and what is left as profit.

Out of every £100 of turnover

£100£0 Payroll: £34.59 of every £100Payroll£34.59Financing: £11.24 of every £100£11.24Other costs: £35.05 of every £100Other costs£35.05Profit: £19.12 of every £100Profit £19.12The RitzYear to Dec 2025£133m turnoverPayroll: £42.09 of every £100Payroll£42.09Financing: £18.09 of every £100Financing£18.09Other costs: £70.14 of every £100Other costs£70.14Loss (the costs beyond £100): £30.32 of every £100Loss £30.32The DorchesterYear to Dec 2025£89m turnover
Payroll (staff costs)Financing (interest paid)Other running costsPre-tax profitLoss: the costs beyond £100

Each column is £100 of that company's own turnover, so companies of any size compare on one scale; the figures are pounds out of each £100, not millions. Companies run from the best margin to the worst. Payroll is staff costs, financing is interest paid, other running costs are everything else, and profit is pre-tax profit, filed or estimated as marked in the table. A loss is not an extra cost: it is the part of the costs that runs past the £100 line, marked with a red bracket. Hover over any segment for its figure.

Who is the biggest, and does the comparison hold?

By turnover the order is The Ritz (£133m), The Dorchester (£89m).

By headcount, The Dorchester leads with 741 employees.

The accounting periods all end in the same month. All are on the same filing basis.

The Ritz£133mThe Dorchester£89m

Turnover on the latest filing

Who is growing fastest?

The Dorchester grew fastest, turnover +20.4% on its own prior year, ahead of The Ritz (+7.4%).

The Dorchester+20.4%The Ritz+7.4%

Turnover change on each company's own prior year

Who employs the most, who pays the most, and who brings in the most per head?

The Dorchester employs the most, 741 people, against 609 at The Ritz.

The Ritz has the highest average staff cost, about £75,000 a head; The Dorchester the lowest, about £50,000.

The Ritz brings in the most turnover per employee, about £218,000, against £120,000 at The Dorchester. It says as much about the business model as the workforce: a marketplace or a wholesaler needs far fewer people per pound than a restaurant or a gym.

What does the full ledger show?

MeasureThe DorchesterThe Ritz
Registered nameDORCHESTER HOTEL LIMITEDTHE RITZ HOTEL LIMITED
Company number0122963500048125
Incorporated19751896
Accounts filed15 September 20267 October 2026
Turnover, prior year£74m£122m
Pre-tax profit, prior year-£23m£21m
Staff costs£37m£46m
Payroll share of turnover42.1%34.6%
Employees, prior year719614
Dividends paidn/dn/d
Charges outstanding225

A figure the filing does not disclose is shown as n/d; a zero in a filing is treated as not disclosed. Rounding: below £0.1m in thousands, £0.1m to £2m to one decimal place, above that to the nearest million.

The Dorchester v The Ritz: common questions

Who is the biggest of The Dorchester or The Ritz?

The Ritz, with turnover of £133m in the year to December 2025.

Which makes the most profit?

The Ritz: £25m pre-tax in the year to December 2025.

Which employs the most people?

The Dorchester, with 741 employees in its latest accounts.

The Dorchester or The Ritz: which is bigger?

The Ritz, with turnover of £133m against £89m at The Dorchester on their latest filings. On margin, The Ritz keeps more of each £100 as pre-tax profit. The full head to head is in the VS Series. Read the VS page →

Where do these figures come from?

Each company's latest accounts filed at Companies House. Each links to its full Spark Intel profile, which names the filing it comes from.