Property Alliance Group sees profits double to £11 million

March 5, 2019

The developer Property Alliance Group with a wage bill of over £2 million saw an annual profit increase from £5.7 million to £11 million up to June 2018. Despite recent troubles that saw a legal battle lost against one of their own former bankers costing the firm £1.3 million (with a further £3.2 million set aside to cover the defendant’s legal costs) they were able to report a doubling of turnover from £7.7 million to £15.8 million.

PAG’s director David Russell wrote: “The property market in the North West remains strong and retail yields remain buoyant. This combined with high-specification projects being delivered on a consistent basis by Property Alliance Group and its partners has led to another successful year for the group”.

Full story can be read on Place North West website.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Estate Agent Talk

Insurance Broker’s Top Tips to Avoid Home Insurance Claims

Every homeowner wants to do what they can to avoid unnecessary insurance claims, especially if you have a high-risk property, holiday home or home you rent out to others. For homeowners, insurance claims can mean hefty hikes in insurance prices in the future, and for landlords or holiday homeowners, the loss of earnings while a…
Read More →
Estate Agent Talk

7 ways to pay off your mortgage faster in 2025

Paying off your mortgage gives you the personal and financial security of owning your home outright, and you no longer have the monthly cost of repaying your lender. Sarah Thompson, Managing Director of Mortgage Scout explains seven things you can do that should help you get there quicker: Consult an independent, regulated financial adviser If…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 05/02/25

Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.98% -0.04% +0.01% 5-year fixed 4.78% -0.03% +0.14% These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee. Lowest rates…
Read More →
Breaking News

Breaking Property News 05/02/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Veld Capital backs the UK PBSA sector Veld Capital (“Veld”), a leading asset-backed focused private investment firm, today announces that it has completed the acquisition of Saltwater Place and Mary Parker House, two high-quality, recently built Purpose Built Student Accommodation (“PBSA”) assets located in…
Read More →
Love or Hate Rightmove
Breaking News

February & March are the best months to list a home for sale

February and March are the best months to list a home for sale, based on the likelihood the home goes on to successfully complete, closely followed by April and January Nearly seven in 10 homes (66.3%) listed for sale in February and March since 2012 go on to complete the sale, the joint-highest months of…
Read More →
Home and Living

The Cost of Replacing a Wooden Garage Door in Seattle

The replacement of a wooden garage door might be a very expensive affair for homeowners in Seattle. Adding beauty and durability, the wooden garage door installation in Seattle gives a touch of character and worth to your home. The most important factor that is to be kept in mind is the estimation of the cost…
Read More →