United Living Group has posted its first results since merger with Bullock Construction and set out five year plan
United Living Group has posted its first profits following its formation from the merger of Bullock Construction Ltd and United House Ltd in September last year.
For the 12 months ending 31 March 2015 the company has reported a pretax profit of 拢2.1m, turnover of 拢243m and has secured projects worth 拢230m in 2015/16.
The group has also revealed a five year growth strategy to increase its turnover to 拢500m a year. To achieve its ambitious targets the group in April appointed Peter Carey as financial officer and Anne Newman as people services director.
Ian Burnett, chief executive of United Living, said: 鈥淥ur performance over the past year has been a huge accomplishment, especially given the well documented challenges that have faced the wider market.鈥�
鈥淲e have an exceptionally strong order book already this year, into 2017 and beyond, and importantly, we鈥檙e also responding to the changes that are happening in this sector.
鈥淲e understand there is a housing shortage and we are continuing to adapt to the changes with a greater emphasis on the growing need for high quality open market and market rental homes.鈥�
From April 2014 to March 2015, United Living North Ltd (formerly Bullock Construction) returned a profit of 拢0.6m, whilst United Living South Ltd (formerly United House) reported a profit of 拢1.6m for a 15-month accounting period, from January 2014 and March 2015.
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