Pre-tax losses at London-based Sandaire Investment Office, which encapsulates Sandaire Limited and Lord North Street, came in at £2.83 million for the year to 31 December 2018, according to the group’s latest consolidated accounts.

This is a £749,000 or 20.93 percent improvement on the £3.58 million recorded for the previous year.

The improvement mainly reflected a £2.18 million reduction in “other expenses” from £3.43 million to £1.25 million, most of which was accounted for by a £1.85 million impairment charge taken in the year to 31 December 2017.

Discount this year and Sandaire’s financial p...