Housebuilder set to build more than 4,000 units as it reports profit up by 22%
Reporting record annual turnover for last year, Keepmoat said it hopes to build more than 4,000 homes in the next 12 months.
The Doncaster-based housebuilder said turnover for the year to 31 March 2018 came in at 拢555.6m, up nearly a third, while pre-tax profit rose 22% to 拢41.7m.
It completed 3,717 new homes, a rise of 27% on last year. The average selling price rose 2.8% to 拢149,000, while the number of plots on the firm鈥檚 books increased by 13% to 32,331.
James Thomson, Keepmoat鈥檚 chief executive, said that following the sale of its regeneration arm to Engie last year the firm was now focusing entirely on its housebuilding activities, including modular construction.
Thomson said Ilke Homes, the group鈥檚 joint venture with Elliott Modular 好色先生TVs, had delivered two homes at its Carr development in Doncaster using modern construction methods and it had a 鈥渉ealthy pipeline鈥� of such projects lined up with the partnership.
And more than 80% of Keepmoat鈥檚 housing schemes were on brownfield land, Thomson added, welcoming what he called 鈥渁n increasingly sophisticated approach to brownfield development鈥� from local authorities across the UK.
Nearly a third of its homes were sold to registered providers and the private rented sector, the group said.
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