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Article: Edinburgh Park owner thrives thanks to upturn in business
- Article from:
- Evening News - Scotland
- Article date:
- October 29, 2007
- Author:
CopyrightCopyright 2007 Evening News - Scotland. Provided by ProQuest LLC. (Hide copyright information)
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NEW Edinburgh Ltd (NEL), owner of the highly-successful Edinburgh
Park business hub on the west side of the Capital, has seen its pre-
tax losses shrink substantially.
Over the year to December 31, 2006 NEL booked a pre-tax loss of
GBP 118,850, compared with a loss of GBP 1.6 million the year before.
But at the operating level, the group, a joint venture between
Edinburgh City Council unit CEC Holdings and Miller Group, returned
to surplus, posting a profit of GBP 1.26m against a loss of GBP
344,369 over 2005.
Turnover was GBP 6.66m versus GBP 11.04m in the previous year,
according to the latest set of accounts from NEL posted at Companies
House.
The company said the improved performance ...