The company behind a luxury private members’ club hit by huge losses is opening a new restaurant with panoramic views of the London skyline.
According to new filings, The Roof Gardens in Kensington plunged £26million into the red in 12 months to December, up from a £6.6m loss the previous year.
Ovo Energy founder Stephen Fitzpatrick’s venue has faced challenges since reopening in July 2024, the Telegraph and City AM reported.
But last month Sir Mick Jagger had his 82nd birthday there and among guests was former long-term partner Jerry Hall, the ex-supermodel.
Sir David and Lady Victoria Beckham, Idris Elba and Bella Hadid are among those to have celebrated special events.
Later this year, owners plan a Japanese eatery on the seventh floor overlooking the capital.
Owned by Sir Richard Branson until 2018, the then Kensington Roof Gardens had an illustrious past as a west London party destination and had been home to a flock of pink flamingos.
Sources said the accounts filed actually show only four months of full trading up to December. Expenditure includes property costs, salaries and rent.
Insiders added subscriptions are well above expectations and they have a growing waiting list of people from the UK and overseas.
Although the hospitality industry is suffering in general, The Roof Gardens is hoping to increase its staff by 20 per cent.
A spokesman told the Standard: “Over the past two years, there has been significant investment into The Roof Gardens, sparking a revival of the iconic London landmark.
“The figures reflect the major restoration and investment into the project. We have created and opened three restaurants with a fourth coming later this year. The transformation of this space, which had been empty for years, has created hundreds of jobs and reimagined the private members’ club experience in the capital.”
