In House faces first-half loss

Rachael Tinniswood

Warrington-based investment company In House Group has reported a narrowing of its first-half loss as it prepares for a series of sales and acquisitions.

The publicly listed company has already sold several properties bought by the group's previous management and will start selling off its housing stock in the coming months.

Meanwhile, In House said it is close to agreeing the purchase of a number of other properties as well as acquiring two property management companies.

The net loss for the six months to the end of October 2007 was £243,000, compared with £311,000 in the same period the previous year. Revenue also fell by 26% to £934,000.

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