Urban Splash annual losses up 65% to ￡15.4m as firm restructures

摘要

Manchester-based regeneration specialist and champion of good architecture Urban Splash has seen its shareholder value wiped out as its annual losses rose to ￡15.4 million. It is understood the company's chairman and co-founder, Tom Bloxham, is currently locked in talks with its banks, HSBC and asset management company BlackRock, to thrash out ￡113.6 million of new bank facilities, having breached its loan covenants.