By David Parsley2018-04-11T07:35:00
McCarthy & Stone, the UK retirement home developer, expects only modest growth over the next two years following plunging profits, a fall in land deals and fewer planning consents in the first half of its financial year.
Pre-tax profit for the six months to 28 February plummeted 52% to £10.5m, while the firm exchanged on 22 land deals and gained 21 planning consents, down from 30 land exchanges and 34 planning consents in the previous year.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts