DEVELOPER Urban Splash saw the value of its assets plummet in  2011, according to newly-filed accounts.

The value of its net assets dropped to £4.9m during the year to March 31 - down from £24.8m in the prior year. This was partly due to a revaluation that wiped £10.3m off the value of the group's portfolio, although it also declared a pre-tax loss of £9.4m (2010: &poun......for the full story register now for free or login below...