Keepmoat Homes Limited posted a Revenues of £555.6m for 2017, a 31.3% compared to the same period last year. 3,717 homes were sold; an increase of 27.1% on the previous year (FY17: 2,924).
The average selling price also increased from £145,000 to £149,000. The number of plots within its land pipeline increased by 13% to 32,331.
James Thomson, Chief Executive Officer of Keepmoat Homes, said, “The last 12 months have been a transformational period for Keepmoat Homes. In the year to 31 March 2018 we delivered 3,717 much needed high quality new homes, 793 more than the year before. Our new financial year has started well and we plan to build over 4,000 much needed new homes this year.
“Following the sale of Keepmoat’s Regeneration division to Engie, which completed on 30 April 2017, Keepmoat Homes is now focused entirely on delivering more of the new homes the UK needs with greater speed and remaining the UK’s leading partnership homebuilder.
“We are also committed to a multi-tenure strategy with our partners including Homes England, local authorities, registered providers and the Private Rented Sector (PRS).
“We are pleased to partner with ilke Homes, one of the leading modular homes businesses in the UK. The industry is increasingly looking at modern methods of construction (MMC) and we welcome the Government’s support for modular construction to drive the delivery of additional homes over and above what the industry can currently build.
“With the help of ilke we delivered the first two homes using MMC at our Carr Lodge development in Doncaster and we have a healthy pipeline being built in partnership with ilke to follow. We continue to work closely with their team to create a product tailored to the aspirations of first time buyers and also to the requirements of our public sector partners.
“Over 80% of our current developments are on brownfield land. We are the UK’s leading brownfield builder and we are pleased to see an increasingly sophisticated approach to brownfield development from the public sector. Our brownfield delivery partnerships with local authorities in Leeds, Sheffield, Rotherham and Herefordshire provide model approaches for others to follow.”