• Contact us
  • About us
  • Digital edition
  • Online archive
Friday, June 20, 2025
Cumberland and Westmorland Herald
  • News
    MP asks for Government help over plans to replace M6 bridges

    MP asks for Government help over plans to replace M6 bridges

    Resurfacing work to start in Shap – road to be closed for 21 days

    Resurfacing work to start in Shap – road to be closed for 21 days

    Arrests after drugs raid in Penrith

    Arrests after drugs raid in Penrith

    New Kirkby Stephen shop blends retail with purpose

    New Kirkby Stephen shop blends retail with purpose

    New vicar appointed for churches

    New vicar appointed for churches

    Award for Eden writer

    Award for Eden writer

    Penrith man admits possessing cannabis twice with intent to supply

    Penrith man admits possessing cannabis twice with intent to supply

    Risks and strategies for flexible pension drawdown

    Risks and strategies for flexible pension drawdown

    Man arrested after fleeing from police in Penrith

    Man arrested after fleeing from police in Penrith

  • Sport
    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

    Darren Edmondson leaves Penrith AFC

    Darren Edmondson leaves Penrith AFC

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
  • News
    MP asks for Government help over plans to replace M6 bridges

    MP asks for Government help over plans to replace M6 bridges

    Resurfacing work to start in Shap – road to be closed for 21 days

    Resurfacing work to start in Shap – road to be closed for 21 days

    Arrests after drugs raid in Penrith

    Arrests after drugs raid in Penrith

    New Kirkby Stephen shop blends retail with purpose

    New Kirkby Stephen shop blends retail with purpose

    New vicar appointed for churches

    New vicar appointed for churches

    Award for Eden writer

    Award for Eden writer

    Penrith man admits possessing cannabis twice with intent to supply

    Penrith man admits possessing cannabis twice with intent to supply

    Risks and strategies for flexible pension drawdown

    Risks and strategies for flexible pension drawdown

    Man arrested after fleeing from police in Penrith

    Man arrested after fleeing from police in Penrith

  • Sport
    Medal success for Upper Eden tug-of-war team

    Medal success for Upper Eden tug-of-war team

    Eden man competes in Hyrox World Games

    Eden man competes in Hyrox World Games

    Double national triumph for Stuart Robinson

    Double national triumph for Stuart Robinson

    Patterdale’s Eden Eagles make history

    Patterdale’s Eden Eagles make history

    Penrith teen crowned British vault champion

    Penrith teen crowned British vault champion

    Penrith gymnasts represent North of England in finals

    Penrith gymnasts represent North of England in finals

    New boss revealed for Penrith AFC

    New boss revealed for Penrith AFC

    Penrith Panthers celebrate winning season

    Penrith Panthers celebrate winning season

    Darren Edmondson leaves Penrith AFC

    Darren Edmondson leaves Penrith AFC

  • Obituaries
  • Nostalgia
  • Online archive
  • Buy Photos
  • Buy your paper
  • North Lakes Living
No Result
View All Result
Cumberland and Westmorland Herald
No Result
View All Result
Home Latest

All change at the top for property firm PFK

by CWH
17 May 2021
in Latest, Property
A A
Share on FacebookShare on Twitter
PFK’s auction rooms at Skirsgill, which it closed

Change at the top continues at Eden-based property firm PFK, the chairman of which is to stand down at its annual meeting next month.

The move follows a number of comings and goings at the company board since the start of 2020.

In his statement to shareholders, outgoing chairman John Rowlands also reveals that PFK made a profit before tax ­— excluding property revaluations and dispersals ­— of £125,120 in 2020, compared with a loss of £241,958 in 2019.

Not since 2014 has a profit been achieved.

Mr Rowlands says the 2020 profit was achieved despite a reduction of rental income of £73,324 ­— from £256,222 in 2019 ­— and one-off costs totalling more than £100,000 associated with redundancies and the disposal of assets.

The firm closed its Kirkby Stephen, Whitehaven and Carlisle city centre branch offices and its Penrith furniture and antiques sale room, and employs 58 people compared with 63 in 2019.

The company received government grants totalling £251,097 in connection with the pandemic, with Mr Rowlands expressing the hope this income can be replaced through “trading environment improvements and changes we have implemented within the business”.

It is also noted that PFK is engaged in selling its site at Stoneybeck, near J41 of the M6, with Mr Rowlands saying a sale price has been agreed – although he warns that problems could still arise.

On his decision to resign as chairman of the company and from its board, which he joined more than five years ago, he said: “I feel I am leaving the company in very capable hands, with the remaining executive and non-executive board members having the optimal technical and financial skillsets.”

Due to take over as chairman is Bernard Wharam, a businessman in the motor industry who has been a PFK board member for four
years.

He will head a board which has already seen the resignation of three members since last June, including former managing director Stephen Lancaster, who earned about £150,000 a year and oversaw four years of operating losses.

He was replaced internally by Andrew Green, a chartered surveyor who runs the land agency business.

Overall, PFK had a turnover of £2,432,417 in 2020 and returned a profit after tax of £407,593, compared with a bottom line of £512,051 on a turnover of £2,541,370 the previous year.

A public limited company, its share price has fallen to £22 ­— down by 31 per cent from its 2018 high of £32.12.

It has 318,233 shares in circulation, valuing the business at £7 million.

Related Posts

MP asks for Government help over plans to replace M6 bridges
Latest

MP asks for Government help over plans to replace M6 bridges

20 June 2025
Resurfacing work to start in Shap – road to be closed for 21 days
Latest

Resurfacing work to start in Shap – road to be closed for 21 days

20 June 2025
Arrests after drugs raid in Penrith
Latest

Arrests after drugs raid in Penrith

20 June 2025
Pub landlord must remove Covid canopy
Latest

Pub landlord must remove Covid canopy

13 June 2025
Multiple fire crews tackle roof fire in Crosby Ravensworth
Latest

Multiple fire crews tackle roof fire in Crosby Ravensworth

30 May 2025
Penrith Beacon access closed after vandalism
Latest

Penrith Beacon access closed after vandalism

6 June 2025
No Result
View All Result

Stay connected

Facebook Twitter Instagram

Most popular

Risks and strategies for flexible pension drawdown

Risks and strategies for flexible pension drawdown

15 June 2025
New Kirkby Stephen shop blends retail with purpose

New Kirkby Stephen shop blends retail with purpose

20 June 2025
Award for Eden writer

Award for Eden writer

20 June 2025
Resurfacing work to start in Shap – road to be closed for 21 days

Resurfacing work to start in Shap – road to be closed for 21 days

20 June 2025
New vicar appointed for churches

New vicar appointed for churches

20 June 2025
Medal success for Upper Eden tug-of-war team

Medal success for Upper Eden tug-of-war team

20 June 2025
Cumberland and Westmorland Herald Logo

33 Middlegate
Penrith
Cumbria
CA11 7SY

Phone: 01768 862313
Email: news@cwherald.com

Registered in England as Barrnon Media Limited. No: 12475190
VAT registration number: 343486488

Explore

  • News
  • Sport
  • Farming
  • Property
  • Obituaries
  • Nostalgia
  • Your view

Useful links

  • Contact us
  • Photosales
  • Online archive
  • Buy your paper
  • Digital edition
  • North Lakes Living
  • Advertise
  • About us

Follow us on

© Barrnon Media Limited 2025

Terms & Conditions / Privacy Policy / Cookie Policy

This website and its associated newspaper are members of the Independent Press Standards Organisation
Review Your Cart
0
Discount
Add Coupon Code
Subtotal
Total Installment Payments
Bundle Discount
Checkout

 
0
No Result
View All Result
  • Home
  • News
  • Sport
  • Obituaries
  • Nostalgia
  • Online archive
  • more
    • North Lakes Living
    • Buy Photos
    • Buy your paper
    • About us
    • Contact us

© 2020 Cumberland & Westmorland Herald