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Birmingham Post

Business

Holly Williams, PA Business Editor

Purplebricks warns over tough market conditions - and CEO says she's taking 'decisive action' to turn business around

The new CEO at Purplebricks has warned that housing market conditions remain challenging after she said the online estate agent's annual results were "not good enough"

Purplebricks reported pre-tax losses of £34.8m for the year to April 30, against profits of £3.6m the previous year.

Helena Marston – who took over as CEO after Vic Darvey stepped down in March – said the figures were “very disappointing”, but told the PA news agency she was taking “decisive action” to turn the business around.

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One subscription that gives you access to news from hundreds of sites

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