Tom Bloxham’s Urban Splash development company generated pre-tax profits of £7.7m in the full year to the end of September 2014 on a turnover of £44.4m.
In addition the company has repaid another £128.8m of debt and restructured all of its existing debt.
This takes the total repaid by the company since its July 2013 restructure to £195.9m of which £93.6m was in property transactions.
The company had investment income of over £11.6m and a residential portfolio of 840 rented homes at 97% at the end of the financial year. In total the portfolio saw £9.8m in revaluation gains.
