But Britain鈥檚 largest privately held housebuilder warns of 鈥榤ixed backdrop鈥� ahead
Bloor Homes has reported a 21% increase in its pre-tax profit, citing extra sales and a boost from house price inflation.
Britain鈥檚 largest privately owned housebuilder, in its accounts for the year to 30 June 2022, reported pre-tax profit of 拢317.6m, up from 拢261.8m the previous year.
Its turnover rose 9.6%, from 拢1.25bn to 拢1.37bn, over the same period.
The housebuilder, which ranked said the increases to turnover and profit were due to additional plots sold 鈥渃oupled with house price inflation鈥�. Bloor sold 4,241 homes in the year, up from 4,075 the previous year.
However, the Leicestershire-based firm said that current UK economic conditions are now creating a 鈥渕ixed backdrop for the housing industry鈥�.
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It said: 鈥淩ecent increases in the Bank of England base rate, and subsequent increases in mortgage loan rates, have made the landscape more challenging, but the company remains optimistic and well-placed to navigate the situation.鈥�
John Bloor, who owns the housebuilder along with Triumph Motorcycles, is frequently described as the
He ranked 85th in the most recent Sunday Times鈥� Rich List in October, with a stated wealth of 拢2.1bn.
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