St Modwen reports strong results
REGENERATION specialist St Modwen has reported pre tax profits of £52.8 million, up from £51.7 million in 2011.
The company said it had been another successful year with projects including the Phoenix Retail Park in Longton contributing to a strong set of results for the year ending November 30Mike Herbert, St Modwen's regional director, added: "St. Modwen continues to actively pursue consents for residential development within the North Staffordshire area with a joint application with Persimmon made in December for 113 homes on the former Victoria Ground in Stoke."
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2 Comments
by stevenweiss
Tuesday, February 05 2013, 9:28PM
“Regeneration Specialist? Your report paints them in an almost evangelical light. They're a property company aren't they..or civil engineers, whatever they're called. Their success is simple. Council offloads potential liabilities on the cheap. Developer with brains makes a killing. Electorate pay through the nose. Hard nosed capitalism reins over devoted socialist voters. Property company shareholders upgrade their yachts.”
by nobbynextdoor
Tuesday, February 05 2013, 5:13PM
“wonder how much tax payers money they've made from the council over the years?”