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Thu August 06 2020

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Profits up for Inland Home

29 Sep 14 Inland Homes, the specialist housebuilder and brownfield land developer, has reported 28% growth in revenues and 66% growth in pre-tax profits.

For the year to 30th June 2014, Inland Homes had revenue of £39.8m, up from £31.1m the previous year.

Pre-tax profit was £8.6m, up from £5.2m the previous year.

The company said that demand for private housing in south and southeast England continued to increase. It has £54.6m in forward sales with 436 units under construction, targeting approximately 270 unit completions in the current financial year.

Planning permission has been received for a development of 152 apartments and commercial space at Callis Yard, Woolwich in London. This is a brownfield site opposite a new Crossrail station. The planning consent has boosted the value of the site over its carrying value.

Chief executive Stephen Wicks said that the strategy of acquiring sites in the outer boroughs of London was “gathering momentum”. He said: “We were particularly pleased with the unconditional purchase of a builder's yard in Acton, West London which should yield over 100 residential plots along with some commercial space.”

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