Avant wants 2,000 unit business
Privately owned housebuilder Avant Homes has said it will use a new bank facility to speed up its plan to become a 拢500m turnover business.
The Chesterfield-based firm said it will use the 拢200m to snap up land at sites in Glasgow, Newcastle, Sheffield and Nottingham.
The firm鈥檚 chief executive Colin Lewis said: 鈥淭his extra financial firepower we now have to invest in land will help us to build more homes in new locations, enabling us to leap ahead on our timeline to becoming a 拢500m turnover, 2,000 unit housebuilder.鈥�
In its last set of results, Avant posted a 45% increase in turnover to 拢369m for the year ended 30 April 2017, up from 拢255m last year. Pre-tax profit returned to the black to come in at 拢20.6m from a 拢13.4m loss for the year before.
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