VS Series

The Dorchester v The Ritz

Park Lane against Piccadilly: two grand hotels on the books

The Dorchester leads on 3 of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets. The Ritz is the biggest by turnover at £122m, against £74m at The Dorchester. Both lost money; The Dorchester lost the least, £30.57 of every £100 it took.

The year ends are close enough to compare like for like. The Ritz's profit looks like a one-off in the latest accounts (a gain inside a group, an acquisition or a longer accounting period), so it is shown but not counted when picking winners.

Accounts compared: The Dorchester to Dec 2024 · The Ritz to Dec 2024

The Numbers

#CompanyTurnoverChangePre-tax profitMarginEmployeesPay per headTurnover per headNet assetsBank and cashAccounts toBasis
1 The RitzThe Ritz Hotel Limited £122m +13.0% £21m 17.2% 623 £71,000 £196,000 -£105m £17m Dec 2024 Single company
2 The DorchesterDorchester Hotel Limited £74m +9.1% -£23m -30.6% 719 £46,000 £103,000 £253m £16m Dec 2024 n/d

Ranked by turnover. Click any column to sort. The leader on each measure is highlighted. 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 is the largest on the top line, £122m of turnover, 1.7x The Dorchester's £74m.
  2. The Ritz is growing fastest, turnover +13.0% on its own prior year.
  3. The Dorchester is the biggest employer with 719 people; The Ritz pays the most per head, an average staff cost of about £71,000.
  4. The Dorchester has the largest balance sheet, net assets of £253m, while The Ritz holds the most cash at £17m.

Who keeps the most of every £100 of sales?

The Ritz keeps the most: £17.17 of every £100 of turnover becomes pre-tax profit. The Dorchester does worst, losing £30.57.

Financing bites hardest at The Dorchester: £19.63 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: £36.04 of every £100Payroll£36.04Financing: £15.40 of every £100Financing£15.40Other costs: £31.40 of every £100Other costs£31.40Profit: £17.17 of every £100Profit £17.17The RitzYear to Dec 2024£122m turnoverPayroll: £44.88 of every £100Payroll£44.88Financing: £19.63 of every £100Financing£19.63Other costs: £66.06 of every £100Other costs£66.06Loss (the costs beyond £100): £30.57 of every £100Loss £30.57The DorchesterYear to Dec 2024£74m 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 (£122m), The Dorchester (£74m).

By headcount, The Dorchester leads with 719 employees.

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

The Ritz£122mThe Dorchester£74m

Turnover on the latest filing

Who is growing fastest?

The Ritz grew fastest, turnover +13.0% on its own prior year, ahead of The Dorchester (+9.1%).

The Ritz+13.0%The Dorchester+9.1%

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, 719 people, against 623 at The Ritz.

The Ritz has the highest average staff cost, about £71,000 a head; The Dorchester the lowest, about £46,000.

The Ritz brings in the most turnover per employee, about £196,000, against £103,000 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 filed7 October 202519 June 2025
Turnover, prior year£68m£108m
Pre-tax profit, prior year-£21m£2m
Staff costs£33m£44m
Payroll share of turnover44.9%36.0%
Employees, prior year712650
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 £122m in the year to December 2024.

Which makes the most profit?

The Dorchester: the smallest loss, -£23m pre-tax in the year to December 2024.

Which employs the most people?

The Dorchester, with 719 employees in its latest accounts.

The Dorchester or The Ritz: which is bigger?

The Ritz, with turnover of £122m against £74m 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.