In January much-loved local toy shop, Just Williams, was forced to close after its landlord, the Dulwich Estate, raised rents by 70%. It is clear that the Dulwich Estate does not need to raise rents - the only reason for doing so is, in its own words, to "maximise revenues for the beneficiaries". In its last annual report the Dulwich Estate boasted record profits of £6.78 million (up from £6.26 million for 2013/2014). About 85% of its profits go to the three large local private schools while the four non-fee paying schools it also benefits receive only 15% of the charity's income.