Guthrie soars 19 places in Rich List

John Guthrie, chairman of Broadland Properties
John Guthrie, chairman of Broadland Properties

ONE of Scarborough’s richest businessmen has climbed 19 places up the Sunday Times Rich List after increasing his wealth by £13 million.

John Guthrie, 75, who chairs Scarborough property group Broadland Properties, based in Scalby Road, is now said to be worth £155 million.

Mr Guthrie’s firm, which used to own Pavilion Square before it was converted in to flats, has a net worth of £142 million after reporting profits of £6.1 million from £30.9 million worth of sales.

His share sales and other assets, such as White Rose Finance, take his family’s worth to £155 million.

Scarborough’s highest representative on the annual survey of Britain’s 1,000 richest people is former seafront shop worker Jack Dellal.

The 88-year-old property tycoon, who once had a summer job at Sulmans in Scarborough, has dropped from 183 in the list to 201, though has maintained his wealth of £445 million.

The Sunday Times states former banker Mr Dellal became a father for the ninth time in his late 70s, and showed his “prowess in the property market was undimmed” when his consortium sold Shell Mex House in London for £490 million a few weeks before the 2008 crash.

Next in the list is Scarborough-born businessman Paul Gregg, whose family netted £98 million when he sold Apollo Leisure, his bingo hall and theatre chain in 1999.

Despite falling from 650th to 682nd Mr Gregg, 70, held on to his fortune of £110 million.

The 2012 list sees a dramatic fall for Scarborough Property Group founder Kevin McCabe who not only fell from the highs of 381 in the list to 821, but saw his wealth halve to £90 million.

Mr McCabe, 64, now based in Brussels, made £143 million selling his Scarborough Property Co. His new company, Scarborough Group International, made a £54.5 million loss in 2010-11, which, coupled with heavy spending on Sheffield United Football Club, saw a decrease in wealth.

Also falling down the list, though only by one place, was Simon Howard who dropped from 959th to 960th.

However Mr Howard, who owns and runs Castle Howard, the 13,000-acre stately home and estate near Malton, saw his wealth rise from £70 million to £76 million.

Castle Howard, which is owned equally by Mr Howard and his brothers, made a £573,000 loss on £6.3 million turnover in 2010-11.