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

Breaking News

Money and Credit – November 2025

Key points: Net borrowing of mortgage debt by individuals increased to £4.5 billion in November, following a decrease of £1.0 billion to £4.2 billion in October. In November, net mortgage approvals for house purchase fell by 500 to 64,500. By contrast, approvals for remortgaging rose by 3,200 to 36,600 in November. Net borrowing of consumer…
Read More →
to let sign 2025
Breaking News

Seasonal slowdown sees rental demand soften in Q4

The latest research from Dwelly has revealed that just a handful of areas saw tenant demand for rental homes climb during Q4, as the wider market succumbed to its usual seasonal slowdown ahead of the Christmas break. Dwelly analysed rental market stock across England, looking at the proportion of rental properties listed on the market…
Read More →
Breaking News

Prime London buyer demand climbs in Q4

The latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that buyer demand across London’s most prestigious neighbourhoods climbed by 1.2% during Q4, driven by sharp increases across Chiswick, Regents Park and Maida Vale. The Prime London Demand Index by Benham and Reeves monitors demand for London’s most expensive…
Read More →
Breaking News

Top tips to make your home winter-ready for a successful sale

Following the festive period, many people turn their thoughts and attention to potential new year property aspirations. Traditionally, record numbers of people jump onto property-related websites after Christmas and into the New Year, so it’s a great time to consider marketing your home, knowing there are tens of thousands of extra people seriously considering a…
Read More →
Breaking News

Propertymark Annual Sales Price Report 2025

With housing being a fundamental need and playing a vital role in the UK economy, a strong housing market is a vital factor, this report examines the strength of the housing market and looks at average prices year on year. Headline figures The entire of 2024 vs 2025 The number of properties placed for sale…
Read More →
Breaking News

Lloyds reveals its 2025 housing hot spots

Plymouth property prices up +12.6% over the past year   Hull joins the top 10, up +6.5%, and fresh from being named a 2026 ‘Best of the World’ destination by National Geographic   Value of a London home dipped slightly (-0.1%) but remain the most expensive overall, averaging £574,514   Amanda Bryden, Head of Mortgages…
Read More →