Urban Splash puts brake on schemes amid economic ‘uncertainties’

By Joey Gardiner2022-10-11T11:43:00

Manchester developer reports improved pre tax profit but fears ’lasting economic downturn’

Regeneration specialist developer Urban Splash has decided to rein in development amid fears over “lasting economic downturn”, despite seeing its pre-tax profit more than triple in its latest results.

Urban Splash Group Holdings Ltd reported turnover of £66.5m in the year to September 30 2021, up 68% on the previous year, producing a pre-tax profit of £6m, up from £1.66m in 2020.

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