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14
Oct 2023
Two North Yorkshire Council housing companies are estimating to report a profit by the end of this financial year.
Brierley Homes and Bracewell Homes are expected to post improved performance after completing further sales, according to a council financial report.
Both companies were taken over by North Yorkshire Council in April 2023.
Bracewell, which is a former Harrogate Borough Council firm, is forecasting a profit return of £1.52 million by the end of 2023/24.
A report said the company had seen sales of shared ownership properties and the “receipt of rental income on the proportion retained within the company”.
However, it added that Bracewell was still awaiting the completion of purchasing a further two sites.
It said:
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