In a statement last week, chairman James Hyslop said that it was not clear whether this party would make an offer for Raven Mount.
The management team has undertaken a review of the business. This has led to a decision to increase development margins by focusing on fewer but larger projects. The firm has changed its accounting policy: sales are only registered on completion rather than earlier in the process, such as when a deposit has been put down on a property.
Raven Mount has decided to concentrate on fewer but larger projects
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