Killultagh Estates, a company controlled by Frank Boyd, who is one of Northern Ireland's most wealthy property developers, has recently reported an annual loss of £22million.
The firm had an effective trading loss of around £400,000 but the company's total losses were forceded higher by inter-company write-offs and impairment charges.
The firm had an effective trading loss of around £400,000 but the company's total losses were forceded higher by inter-company write-offs and impairment charges.
An unrealised loss on the revaluation of properties means that Killultagh's total recognised loss amounts to nearly £51m for the year.
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