Luxury residential and holiday park operator Lifestyle Living Group has announced a rise in retained...

1. 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.

2. 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