Bellway Homes the 4th largest House Builder in the UK, today released another upbeat Trading Statement for the 6 months ending 31st January 2011. With details of increase in sales, increase in selling price and importantly increase in profit margin.
A full copy of the Statement can be seen by following the links at the bottom of this post but the high lights on its housing are posted below details regarding its land purchases and housing stock can be seen on our Onyx Marketing blog site:
Monday 7 February 2011
Bellway is today updating the market as to its trading performance for the six months ended 31 January.
The Group completed the sale of 2,332 homes, an increase of 85 units, compared to the six months ended 31 January 2010. The average sales price of these homes has risen from GBP155,871 in the same period last year to GBP168,000, an improvement of circa 8%. This increase, whilst aided by greater price stability during 2010, is primarily a result of the change in product mix as Bellway continues to change its focus away from apartments towards more traditional two storey homes.
The operating margin is expected to exceed that achieved in the comparable period last year of 6.1% by almost 100 basis points.
This improvement in margin should continue in the second six months as more recently acquired sites start to contribute to completions…
The strength of this year’s spring selling season should be more apparent, when the results for the six months to 31 January 2011 are announced on Wednesday 30 March.
If you are a house builder and need temporary assistance with your commercial requirements or a subcontractor looking for an introduction to major house builders such as Bellway Homes then contact Andrew Fella at Onyx Construction Consultants Ltd 0n 01473 743682