Baileys’ British future uncertain as losses grow
According to new accounts just filed by Bovale Ltd to Companies House in London, accumulated losses at the firm increased from £56.2m to £61.74m in the 15 months to the end of December last.
Last year, Michael and Tom Bailey resigned as directors of their Irish firm, Bovale Developments after they were disqualified for seven years from acting as directors when the High Court found them guilty of “particularly serious” misconduct in the conduct of the affairs of their Irish operations.
