Wembley Park developer Quintain loses over £700m

Quintain, the company responsible for the Wembley Park transformation in London, has reported a staggering loss of over £700m in its latest financial year.

The firm's delayed accounts reveal a pre-tax loss of £721.7m for 2023, a significant downturn from the pre-tax profit of £139.7m recorded in 2022, as reported by City AM.

Despite this, the company's revenue saw an increase, rising from £110m to £123.5m during the same period. These results were filed with Companies House several months past the 30 September deadline.

Wembley Park encompasses the London Designer Outlet, Brent Civic Centre, Troubadour Wembley Park Theatre, Boxpark Wembley, and a variety of independent retailers, along with 5,176 new homes, 3651 of which are managed by Quintain Living. As of the end of 2023, the