Bruntwood, the family-owned commercial property company with 101 buildings in the North and Midlands, has filed its latest set of results for financial year ending September 2011. This follows a solid performance in new lettings and customer retention across its portfolio. The total value of the company’s fixed assets was up 2% to £966m, and its net worth increased by 2.5% to £318m. The turnover fell slightly to £99m, while profit before tax was up 1% to £11.2m.
Chief Executive, Chris Oglesby said: “The economic climate continues to be tough and we have had to work hard, as a team, to deliver these results. We are continuing to focus on our customers in the current marketplace to ensure they have the services, flexibility and competitively priced accommodation that they need.”
On looking to the future Chris Oglesby commented: “Through the recent economic turbulence, our main focus has been on driving value in our existing portfolio. Looking forward we are keen to grow in the science and technology sector in Manchester as well as to continue to develop our business in Leeds, Birmingham and Liverpool.”
Click here for a copy of Bruntwood’s 2011 Annual Report.