Profit Rise For Lifestyle Living Group Luxury residential and holiday park operator Lifestyle Living Group has announced a rise in retained profits of £1.2m. The figures are the first to be released by the group since it announced a £20m acquisition of the parks in June this year. The new family owners, headed up by Malcolm Buckingham, states that profits are up from £0.42m to £1.64m, with tangible assets standing at £27.6m, up from £19m. Welcoming the trading news, Ryan Neill, owner of Lifestyle Living Group said: "We are delighted to have received this set of results. Despite tough trading conditions the business continues to thrive. Our product is a strong one and should continue to defy the economic gloom as we improve in the years ahead. Managing Director, David Macdonald added "With property prices looking set to continue rising for the foreseeable future, pre-fabricated homes are increasingly establishing themselves as viable alternatives for homebuyers in specific markets, such as retirees. "Pre-fabricated builds will continue to grow in popularity as they can be delivered in a more favourable time frame in comparison to standard building methods, helping to satisfy the growing national demand for immediate housing. People will continue to spend as long as they realise value from their outlay." Since taking over a selection of parks around the UK, Lifestyle Living Group has put in place a £10million investment plan to be rolled out over the next three years. This fund will include substantial upgrades to existing park facilities. Eight residential and holiday parks are at the heart of the company's offering, including Carlton Meres Country Park, Haveringland Hall Country Park, Redhill Country Park, the Flagship Country Park, Uphill Park, Lakeland View, Carlton Manor Park and Silecroft Holiday Park. For more information on Lifestyle Living Group, visit www.lifestylelivinguk.com. ENDS http://www.realwire.com/releases/Profit-Rise-For-Lifestyle-Living-Group

Profit Rise For Lifestyle Living Group

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Profit Rise For Lifestyle Living Group

Luxury residential and holiday park operator Lifestyle Living Group has announced a rise in retainedprofits of £1.2m. The figures are the first to be released by the group since it announced a £20macquisition of the parks in June this year.

The new family owners, headed up by Malcolm Buckingham, states that profits are up from £0.42mto £1.64m, with tangible assets standing at £27.6m, up from £19m.

Welcoming the trading news, Ryan Neill, owner of Lifestyle Living Group said: "We are delighted tohave received this set of results. Despite tough trading conditions the business continues to thrive.Our product is a strong one and should continue to defy the economic gloom as we improve in theyears ahead.

Managing Director, David Macdonald added "With property prices looking set to continue rising forthe foreseeable future, pre-fabricated homes are increasingly establishing themselves as viablealternatives for homebuyers in specific markets, such as retirees.

"Pre-fabricated builds will continue to grow in popularity as they can be delivered in a morefavourable time frame in comparison to standard building methods, helping to satisfy the growingnational demand for immediate housing. People will continue to spend as long as they realise valuefrom their outlay."

Since taking over a selection of parks around the UK, Lifestyle Living Group has put in place a£10million investment plan to be rolled out over the next three years. This fund will includesubstantial upgrades to existing park facilities.

Eight residential and holiday parks are at the heart of the company's offering, including CarltonMeres Country Park, Haveringland Hall Country Park, Redhill Country Park, the Flagship CountryPark, Uphill Park, Lakeland View, Carlton Manor Park and Silecroft Holiday Park.

For more information on Lifestyle Living Group, visit www.lifestylelivinguk.com.

ENDS

http://www.realwire.com/releases/Profit-Rise-For-Lifestyle-Living-Group