Galliford Try Housing Companies Re-branded as Linden Homes

The Galliford Try Group has united its housebuilding companies under one banner – Linden Homes.

 

 

Stamford Homes, Midas Homes, Rosemullion Homes and Gerald Wood Homes will all now operate under the Linden Homes brand name.

 

A quote from their new look website states ”Our aim is to further improve upon our customer service and the quality of our homes to achieve a better understanding of what you want, drawing on our regional expertise and applying it on a national level”

 

Long overdue in our opinion having the same corporate identity is more suitable to a top twenty house builder than half a dozen names with the same logo.

 

But as a reminder here are some of the names and logos we won’t be seeing any more.

 

If you are a house builder and need assistance with your commercial requirements or a subcontractor looking for an introduction to major house builders such as Galliford Try Linden Homes then contact Andrew Fella at Onyx Construction Consultants Ltd on 01473 743682

 

Galliford Try Pre-tax Profits up 29% at £17m

The Housebuilder and Construction Group Galliford Try’s pre-tax profits before exceptional items rose 29% to £17.0m in the six months to the end of December.

Group revenues rose to £575.9m – up from £570.0m last time – and the dividend is increased to 36% to 4.5p.

CEO Greg Fitzgerald said: “We are currently on track to deliver the objectives of our three year housebuilding expansion plan during the next financial year.

“The spring selling season remains crucial, and although it is too early to judge whether it will be sustained, the improvement in our sales rate during the first few weeks of 2011 is encouraging.

“Our strategy for managing our construction business in challenging times is working well and the underlying results give us confidence that we will be able to grow the business again when markets improve.

“Although the economic outlook is still uncertain, the board is encouraged by the group’s performance and progress in the first half of the financial year, and is confident in its strategy for delivering the objectives of its expansion plan.”

A full copy of the statement from Galliford Try can be obtained from their website http://www.gallifordtry.co.uk/investors or the following link Statement Report

If you are a house builder and need  assistance with your commercial requirements or a subcontractor looking for an introduction to major house builders such as Galliford Try then contact Andrew Fella at Onyx Construction Consultants Ltd on 01473 743682

Galliford Try – Plot Completions Up 28% to 851 Units

Housebuilding and construction group Galliford Try said there was a 28% increase in total housing completions to 851 units in the half to end-December. In a Trading Statement released by the company today for the 6 months to End December 2010.

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:

GALLIFORD TRY PLC

TRADING UPDATE

Galliford Try plc, the housebuilding and construction group, today provides the following update on trading for the half year ended 31 December 2010.  The group expects to announce its results for the half year on 23 February 2011.

Highlights

Housebuilding

·      28% increase in total housing completions to 851 units; 779 net of joint venture partners’ share (2009: 663 and 638). 

·      11% increase in total housing sales reserved, contracted and completed at £359 million (2009: £324 million). 

·      8% increase in total landbank to 9,500 plots (31 December 2009: 8,800 plots).

·      62% of landbank now secured at current market values, (31 December 2009: 36%). 

·      Selected as preferred developer on projects in all three HCA delivery partner panel regions. 

Greg Fitzgerald, Chief Executive, commented: 

“While the economic outlook is still uncertain, the board continues to be encouraged by the progress being made in housebuilding and by the resilience of the Group’s construction business.  While remaining cautious in the short term, the Group is confident in its strategy for delivering the objectives of its expansion plan.”

Total sales reserved, contracted or completed of £359 million are up by 11% compared to a year ago.  £238 million is for the current financial year to 30 June 2011, representing 63% of projected sales for the year (2009: £235 million, 75%).  Our sales in the first half have been achieved from a similar number of outlets to last year.  The second half is expected to benefit from a significant increase in the number of active selling sites over the next six months from the current level of 65 to over 85 by the end of the financial year in June 2011, giving us the outlets projected in our three year expansion plan. 

Following the encouraging sales volumes achieved during the first quarter, the market did not benefit from the historic autumn seasonal upturn.  It then remained subdued for the rest of the first half of our financial year, exacerbated by the adverse weather conditions across our operating areas in December.  Mortgage availability remains the most serious constraint to sales volumes, and we continue to make controlled use of shared equity and part exchange sales incentives. Our cancellation levels are currently running at 20%, close to the long term average.

With our strong southern bias and minimal dependence on consortium sites, prices achieved have continued to be at or slightly above our expectations and our average selling price on private sales was up 4% at £204,000 (2009: £197,000).  Due to a higher proportion of lower priced affordable homes completed in the period, the average selling price for affordable sales was £110,000 (2009: £131,000) leading to a combined average selling price of £178,000 (2009: £181,000).

A full copy of the statement from Galliford Try can be obtained from their website http://www.gallifordtry.co.uk/investors or the following link Statement Report

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 Galliford Try then contact Andrew Fella at Onyx Construction Consultants Ltd

UK’s 20 Biggest House Builders by Turnover

The Top 20 house builders league table ranks the UK’s 20 biggest house builders by turnover and profit.

2010 Rank by turnover

2010 Rank by profit

Company

Latest turnover (£m)

Previous turnover (£m)

Latest pre-tax profit (£m)

Previous pre-tax profit (£m)

Latest margin (%)

Previous margin (%)

2009 Rank by Turnover

2009 Rank by Profit

1

20

Taylor Wimpey

2,596

3,468

-700

-1,970

-27.0

-56.8

2

25

2

19

Barratt

2,285

3,555

-679

137

-29.7

3.9

1

2

3

2

Persimmon

1,421

1,755

77.8

-780

5.5

-44.4

3

24

4

12

Bellway

684

1,150

-36.6

34.8

-5.4

3.0

4

4

5

1

Berkeley

615

702

110

120

17.9

17.1

5

1

6

8

Bloor *

311

335

-1.5

-51.9

-0.5

-15.5

13

18

7

17

Miller

310

646

-157

52.9

-50.6

8.2

12

21

8

16

Redrow

302

650

-141

-194

-46.7

-29.8

7

22

9

6

Bovis Homes

282

282

4.8

-78.7

1.7

-27.9

15

20

10

10

Stewart Milne

276

420

-27

25.1

-9.8

6.0

11

6

11

13

Crest Nicholson **

238

544

-50.7

-383

-21.3

-70.4

8

23

12

14

Galliford Try

235

486

-53.8

10.6

-22.9

2.2

6

8

13

3

McCarthy & Stone ***

226

457

19

114

8.4

24.9

10

3

14

7

Fairview

224

223

0.4

-32.3

0.2

-14.5

17

17

15

9

Countryside

188

518

-25.7

26.5

-13.7

5.1

9

5

16

11

Cala

168

175

-33.9

-266

-20.2

-152.0

14

11

17

5

Telford

159

107

7.3

4.3

4.6

4.0

24

12

18

15

Kier

151

312

-62.4

-21.2

-41.3

-6.8

16

15

19

18

McInerney

127

256

-164

-175

-129.1

-68.4

22

14

20

4

Morris

112

163

11.9

17.3

10.6

10.6

18

9

 

 

Totals

10,910

16,204

(1,901)

(3,410)

 

 

 

 

All companies ranked according to their most recently filed accounts.

* Bloor Holdings only publishes an operating profit (before exceptional items) for its house-building business.

** Crest Nicholson results cover period 23 January to 31 October 2009. The company was incorporated on 23 January 2009.

%d bloggers like this: