Clowes shrugs off Brexit vote to double revenues

Plans by Clowes Developments to upgrade the frontage of the shops at Royal Buildings, in Victoria Street, Derby got the green light this year
Revenues at Derbyshire-based Clowes Developments have more than doubled in the past year, increasing from £46.5m to £93.1m. Pre-tax profit has also jumped from £18.2m to £29m. A spokesperson for the company said: "The impact of the vote by the UK to leave the European Union in June 2016 has had a limited impact on the group to date. "One small property sale was not completed post Brexit as the purchaser used it as a reason to attempt to reduce the agreed price. "A number of funds were pulled back from the UK property m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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