FinancialsFinancials

Financials

Our strategy is to deliver regional volume growth to 6,000 homes per annum, achievable in the medium-term based on our current regional footprint and capacity.

This is complemented by our financial strength, which is underpinned by a conservative capital structure and high quality consented and strategic landbanks. The quality of sites in our owned landbank, together with their strong embedded margins, provides substantial asset underpinning to the Group’s balance sheet. 

£220m

Land spend, net of land sales. 

Our 2021 facts & figures

Adjusted operating profit £204m +77%
Number of homes sold 3,849 +47%
Average selling price £275k +5%
Free cash flow £173m +89%
Net assets £496m +31%
Consented landbank 15,169 +3%
Strategic landbank 39,222 +89%
Forward Sales £665m +19%