London housing developer also reports jump in development pipeline and revenue
London housing developer Mount Anvil has reported a 52% increase in pre-tax profit in the year to 31 December 2013.
The developer posted pre-tax profit of 拢15.4m, up from 拢10.1m the previous year, while turnover increased 50% to 拢162.2m.
The value of Mount Anvil鈥檚 development pipeline at year end was 拢930m, up from 拢665m the previous year and equating to 1,333 homes.
Killian Hurley, chief executive of Mount Anvil, said supply of land remained a key issue despite the record profit.
Hurley said: 鈥淲e鈥檙e keen to build more outstanding London homes, but additional quality sites need to be made available to developers like us who have the expertise and capacity to deliver.鈥�
Mount Anvil is planning to deliver 2,500 new London homes by 2018.
Its average selling price is 拢535,000 with 97% of 2014 sales already secured.
Its schemes include The Filaments residential towers scheme in Wandsworth (pictured).
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