Strong performance for Keepmoat Homes as revenues rise 25%

Keepmoat, the Doncaster-headquartered partnership housebuilder, has “performed strongly” as evidenced by its latest trading update.

This follows the 330 million sale of Regeneration division to ENGIE last April.

For 12 months ended 31 March 2017, Keepmoat Homes C the Group’s flagship business C grew its revenue by 25.7% to 423.2 million.

During now, it sold 2,924 homes C an increase of 21% in the period this past year.

The average value, meanwhile, rose from 139,000 to 145,000.

CEO Peter Hindley said: “The business performed in accordance with expectations in your light of continued strong consideration in new housing and despite significant shifts in government policy.

“During Calendar year, we continued to provide our presence in new geographies and develop propositions choosing sectors that could fuel further rise in one’s destiny.”

“In FY17 we continued our regional expansion programme aided by the new Scotland region already firmly established, additionally, the splitting to your two largest regions, Yorkshire and Midlands, completed.

“In addition, the bunch strengthened its capacity inside North West with the paying for M.C.I. Developments Limited, in January 2017, that is most certainly a well-known job site superior quality homes for registered providers.”

He added: “We are developing relationships that has a number of investing institutions who’re keen work with partnership with developers for example Keepmoat to construct significant portfolios of non-public rented homes.

“We have successfully inked partnership with Elliott to submit a modular construction product as type of ilke Homes.”

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