Click to read the article in full.
The UK arm of global commercial real estate services powerhouse Avison Young experienced a considerable downturn, with its pre-tax loss for 2023 almost doubling to eclipse £100m.
Based in Birmingham, the firm saw its losses deepen to £101.8m in 2023 from £55.6m the previous year, according to newly-released accounts at Companies House, as reported by City AM.
During the same period, Avison Young's UK team shrank, with employee numbers dropping from 1,743 to 1,519.
Despite a challenging environment, the company reported annual revenues of £211m, a modest decrease from 2022's figures of £211.8m.
Consultancy services revenue witnessed a decline from £104.3m to £96.3m over the course of the year.
Transactional revenues similarly took a dive, falling from £43.1m to £34.6m, though a surge in property management earnings from
link source - Business Live News https://i2-prod.business-live.co.uk/incoming/article21105372.ece/ALTERNATES/s1200/2_The-city-of-Liverpool-Photo-by-Colin-Lane.jpg