News - Midlands
Mucklow reports “solid” results
Mucklow, the West Midlands property developer, is back in the black after posting half-year profits of £18.8m, compared with a loss of £38.8m in the second half of 2008. Group portfolio value was £214.9m, up from £201m at 30 June 2009. Rupert Mucklow, chairman, said: “Our financial position remains strong and has been further improved by the extension and increase of our principal banking facilities, a reduction in void levels and the successful disposal of a trading property.”