Bogod: waiting for permission

Article Abstract:

Bogod is a UK importer of sewing machines which aims to develop retail units outside Cardiff, Wales. The company applied for planning permission for this project in April 1996. The company aims to relocate and let its site. The freehold land and buildings owned by Bogod have been valued at 780,000 pounds sterling. The Bogod family controls a 78% stake of ordinary voting shares and there is only 40% of 'A' shares accessible to outside investors, but the shares are worth investing in.

Foreign Trade Companies NEC, Other Miscellaneous Nondurable Goods Wholesalers, Management, Trading companies, Home appliances industry, Appliance industry, Bogod Group PLC

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Home thoughts

Article Abstract:

UK house prices may rise more slowly in 1998, according to HSBC Markets, because interest rates have risen. Mortgage debt is still high in relation to income, so mortgage borrowing looks set to slow, especially as interest rates are forecast to rise. Increased supply of housing is likely to reduce the growth of price rises. Houses appear cheap in relation to income but they no longer function as protection against inflation, so may have reahed fair levels.

United Kingdom, Real estate industry

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