Kensington Roof Gardens plunges to £26m loss

Kensington Roof Gardens reopened last year (Photo by Oli Scarff/Getty Images)

The company behind the revamped Kensington Roof Gardens suffered a £26m loss after the venue reopened as a private members’ club, its latest accounts reveal.

The grade-II listed former nightclub, situated on London’s swanky Kensington High Street, unveiled plans to launch as a members’ club in February last year, offering annual memberships of up to £2,000 per person.

That helped the company, set up by Ovo Energy founder Stephen Fitzpatrick , achieve a turnover of £4.3m in its first few months of trading. But this was dwarfed by the £25.8m loss accrued over the course of 2024, adding to the £6.6m loss the previous year.

Since then the company has secured a £15m loan from Ben Oldman, a “special situations”