Profits up at developer

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KENT property developers Chartway Group recorded soaring pre-tax profits in their latest accounts, although the impact of the Brexit vote on the company’s performance is yet to be seen.

Pre-tax profits in the year to the end of May climbed by 50 per cent to £2.9 million on the back of a 31 per cent in turnover to £43.9 million.

Managing Director Ian Savage welcomed the strong results, saying the firm ‘anticipates’ further growth in the coming year, but warned: “There is still uncertainty in the sector over the EU referendum outcome. We have to be prepared for some impact in the future.”

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