In 1991, Brendan Flood ditched his high-flying job with a big house-builder, remortgaged his house to the tune of £20,000 and launched Modus Ventures. Now the Manchester-based property developer turns over a very comfortable £44m, with profits of £7.2m. The company has since opened offices in London, Birmingham and Lincoln and has a portfolio of properties worth in excess of £2.5bn. Tenants include retail giants New Look, Debenhams and M&S. Modus focuses on developing retail, leisure and residential schemes in “less desirable” areas. Indeed, it describes itself as a “specialist in urban regeneration” with schemes in Wigan, Blackpool, Wakefield, Newport, Swindon, Crewe and Rhyl. Over the past four years, the company has seen 118 per cent compound growth, up from a turnover of £4.3m. These days, managing director Flood juggles the day-to-day running of the business with his love for football (Burnley), listening to Coldplay and eating meat pies with mushy peas. www.modusproperties.co.uk
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.