At a time when two of the bank’s biggest property co-venturers, Kenmore and Kilmartin, have gone under, Credential’s accounts just published show a £2.1m loss but a rise in asset value last year from £115m to £119m.
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Property firm boss reassures lenders
Glasgow property developer Barrie Clapham, who in 2006 sold a 44% stake in his Credential group to Bank of Scotland which injected £225m, has said the group is “a sound and solid company, supportive of its lenders”.
