Page 2 - McKay 2011 Report & Financial Statements

Basic HTML Version

McKay Securities PLC
Report and Financial Statements 2011
01
McKay Securities PLC
is a commercial property
investment company with Real Estate Investment Trust
(REIT) status specialising in the development and
refurbishment of quality buildings within established
and proven markets of South East England and
central London. Completed projects are generally
retained for growth within the Group’s portfolio,
valued in excess of £208 million.
Properties are not traded and are actively managed
to maximise income potential. As a result, there is a
hardcore rental stream under-pinning profits growth
which is further secured from time to time by the
sale of investment properties.
02
Financial Highlights
03
Chairman’s Statement
08
Property and Financial Review
16
Portfolio Properties
17
Five Year Summary
18
Board of Directors
19
Report of the Directors
22
Statement of the Directors
Responsibilities
23
Corporate Governance Report
26
Directors’ Remuneration Report
32
Report of the Independent Auditors’
33
Financial Statements 2011
63
Glossary
64
Company and Shareholder
Information
Contents