Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Tuesday, March 07, 2024

FM Group announces record profits

Private housebuilder and developer FM Group has stacked up record full-year results on the back of consistent growth across its various divisions.

The rapidly expanding Edinburgh-based company saw profits leap 29.4% to 6.6 million in the year to August 31, 2005, while turnover soared 60% to 39.2m. Operating profit was up to 9.8m - 66% higher than last year's figure of 5.9m.

FM Group, which is now in its tenth year of business, continues to make its mark with a number of landmark residential buildings either built or under construction in Scotland and the company is now expanding into the north of England with developments in Liverpool and Newcastle. FM is growing overseas with its 500m international expansion strategy in the Caribbean and the Cape Verde Islands off the west coast of Africa.