The company A &J Mucklow who are located in Midlands has reported major loses to almost double following the collapse of commercial property values.

The company has a strategy to overcome this by investing in properties have fallen in price to increase their assets but at much lower prices that they would normally get them for.

They have secured a massive £35 million backing facility with HSBC and they also have £25 million for acquisitions.
”

Mucklow remains very well positioned to ride out these turbulent times and benefit from the distressed market. We intend to utilise our new banking facilities to selectively acquire investment properties.”

Said Rupert Mucklow chairman