The accommodation business owned by Alistair McKever made a six-figure retained profit in the latest year despite the costs associated with opposing the loss of his multi-occupancy licence for the controversial Queen's Park hostel for the homeless in Glasgow.

The accommodation business owned by Alistair McKever made a six-figure retained profit in the latest year despite the costs associated with opposing the loss of his multi-occupancy licence for the controversial Queen's Park hostel for the homeless in Glasgow.

However, some other parts of the welder-turned-property developer's empire appear to have been less successful, with hotel and serviced apartment businesses recording hefty retained losses.

Accounts filed by the Access Accommodation hostels operation owned by McKever show the company made a retained profit of £102,081 in the year to December.

The surplus left Access sitting on accumulated profits of £204,451 at December 31. It was recorded in a year in which local residents continued a long-running campaign for the closure of the Parkview Hostel, which housed homeless people from across Scotland.

Police figures showed clients of the Parkview had been responsible for a rise in violent and drug crime in the Queen's Park area.

The hostel traded last year pending an appeal against Glasgow City Council's decision in November 2006 to strip it of its multi-occupancy licence.

However, in April McKever announced that the Parkview hostel was shutting permanently.

He decided not to go ahead with an appeal against the revoking of his licence and said the building would be converted into luxury flats.

McKever was left with two other bed and breakfast hotels for the homeless in Glasgow.

The businessman has continued to expand his interests in the hotel business this year. In February, he paid £2m to add the Gables Hotel in Gretna to his 14-strong hotels portfolio.

McKever Group is working on the £3m upgrade of the Columba Hotel in Oban.

Accounts filed by McKever Group on October 30 show parts of the hotel operation made retained losses in 2007.

Retained losses can be the result of trading losses or can arise where companies pay out more in dividends in a year than they have earned in that year.

Consumer confidence started to ease after the housing market peaked in August 2007.

McKever Group did not prepare consolidated accounts, but 100%-owned subsidiaries listed in the accounts made total retained losses of £358,930 in 2007.

The accounts show that McKever Hotels made a retained loss of £283,777. The City Apartments Scotland serviced accommodation business made a retained loss of £286,856.

McKever Hotels North, McKever Hotels East and McKever Hotels West made retained profits of £40,136, £55,149 and £60,724 respectively in 2007.

The M99 central support and construction business recorded a retained loss of £45,790 for 2007. The Jaeger 99 construction firm made a retained loss of £597.

John Stuart, company secretary, said that Alistair McKever also owns a number of property companies which made total trading profits that were greater than the losses made by group subsidiaries.