Housing Ballymore’s UK arm books £5m losses amid trying time in London housing market
Revenues at Ballymore’s British operation rose to £14 million last year, but the firm has warned it is faced with “significant operating headwinds” in the market. New accounts from the Irish-based firm, which is controlled by developer Sean Mulryan, show the increase in turnover during the year was driven by a spike in contracting and estate management income, which increased to £10.7 million.
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