LDC backs United House expansion
Mid-market firm LDC has backed the expansion of United House, the social and private housing specialist.
LDC has acquired a minority shareholding in the company and is providing funding to continue United House's growth strategy. Additional bank funding has been provided by The Royal Bank of Scotland plc.
United House specialises in the new build and refurbishment of affordable and social housing, private developments in central London, and the delivery of PPP (Public Private Partnership) and PFI (Private Finance Initiative) schemes. IN 2009, United House's turnover was £180m with an unaudited profit before tax of £15m.
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