Keepmoat’s revenue increased 3.5% to £1,134 million from £1,095 million in 2015, reflecting strong growth in its homes division offset by a small decline in regeneration division revenue.
Keepmoat said it is developing opportunities in two new sectors, the private rented sector and retirement housing.
Dave Sheridan, Keepmoat Chief Executive, said, “Despite a year of changing government priorities, Keepmoat’s focus on working in long-term partnership to deliver community regeneration has continued to deliver growth.
“Our Homes Division has capitalised on growing demand for high quality homes at affordable prices and the future pipeline of projects provides a platform for continued growth.
“Our Regeneration Division has experienced a year of consolidation as Local Authorities and Housing Associations reassess their priorities in the face of reduced rental incomes. In light of this, we are utilising our core skills to deliver innovative solutions into the private rental and retirement living sectors, complementing our core offering to Local Authority and Housing Association clients. We are excited by these new opportunities and their potential to deliver further growth.”