Monthly Archives: November 2016

in Financial Reports

2016 Directors Report and Group Financial Statements

The year has seen several notable achievements. The sale of Hume House has been agreed at £3,550,000 for completion in December 2016, having been purchased for £1,670,000 in March 2014. The Group’s property holdings have grown during the year from £23,964,428 to £29,488,428 and the Group also managed a very successful fundraising from existing shareholders (which was handsomely over-subscribed) of £3,500,000 in February, providing funds for the – post year-end – purchase of 1–5 Upper Market Square, Hanley valued at £9,000,000. This will take our portfolio to almost £40,000,000 by the date of the AGM…

To read this Financial Report, please click on the image.