Faxhill Homes losses widen to €3m

THE Co Kildare-based property developer Faxhill Homes saw its losses widen last year from just over €1.7 million to nearly €3m.

The Naas-headquartered firm, whose principal activities are listed as building contractor and hotelier, generated a pre-tax loss of €2.97m for the 12 months to the end of last October, according to newly filed accounts with the Companies Office.

While this was up from the €1.72m loss filed in 2009, it is still well below the €16.3m losses the company suffered in 2008.