Developer Ask declares £18m loss
4th July 2012
ASK Developments Group declared a pre-tax loss of £18.7m in 2011 as it wrote down the value of its assets and work in progress.Newly-filed accounts for the Manchester-based company show that it wrote £13.5m off the carrying value of its portfolio during the year to March 31. Notes to the accounts prepared by group financial director Jonathan Cross state that much of the year was spent measuring the value of its portfolio against the market "in order to determine if the group was operating from a platform that could real......for the full story register now for free or login below...
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