A difficult year for Bovis Homes Group following a period of ambitious growth.

February 21, 2017

BOVIS HOMES GROUP PLC released yesterday 20th February their Final Results for the year ended 31st December 2016.

In the overview they state: A difficult year for the Group following a period of ambitious growth.

Commenting, Ian Tyler, Chairmanof Bovis Homes Group PLC said, “Despite the difficulties of 2016, the Board remains confident in the Group’s abilities to deliver improved returns to shareholders. The process of transformation is already underway under Earl Sibley’s interim leadership and I am confident the plans in place will address the operational weaknesses we have seen in our business, and focus us once again on delivering high quality product and service to our customers. Further, we are undertaking a strategic and structural review of the business to ensure we meet our commitment to deliver the highest possible returns from our valuable land assets.”

Commenting, Earl Sibley,Interim Chief Executive of Bovis Homes Group PLC said: “We have a clear set of operational priorities for 2017 and are fully committed to improving our levels of customer service and delivering high quality homes this year and in the future. The fundamentals of the business remain strong with a robust financial position and high quality land bank. With our focus on higher levels of customer service, improved build efficiency, and a refreshed culture, we are confident we will generate enhanced shareholder returns over the medium term.”

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Fewer than 1 in 5 homebuyers find their perfect property

The latest research from Yopa has revealed that fewer than one in five homebuyers would describe the home they purchased as their “perfect property,” with outdoor space and overall size the most common compromises made during the buying process. The survey of recent homebuyers, commissioned by Yopa, found that 58% began their property search with…
Read More →
Breaking News

Average homebuyer travels 330 miles to find their ideal property

The latest research from The Property DriveBuy reveals that the average homebuyer travels 330 miles to find their ideal property when it comes to the distance between their current home and chosen location, as well as the miles clocked up in between viewings. The survey of UK homebuyers*, commissioned by The Property DriveBuy, found that,…
Read More →
Breaking News

Why first-time buyers should start the financial conversation early

Award-winning mortgage adviser, Alexander Hall, is encouraging the nation’s first-time buyers to open up about their finances this Talk Money Week, offering expert guidance on how to make these conversations more natural, productive, and stress-free. What is Talk Money Week? Talk Money Week is a national initiative created by the Money and Pensions Service (MaPS)…
Read More →
Breaking News

Bonfire Night could cause £1,500 in property damages

New research from Adiuvo, the UK’s leading provider of 24/7 property management support, warns that Bonfire Night could cost renters an average of £1,475 in property damage if proper care is not taken, but that with a few simple safety checks in place, the much-loved evening of celebration and community can go off without a…
Read More →
Estate Agent Talk

Buying a Home? What you need to know about asbestos

Asbestos is a well-known issue in UK housing – but while it’s rightly treated with caution, it doesn’t need to cause alarm. With the right advice and professional guidance, it’s a manageable problem that shouldn’t stand in the way of purchasing a dream home. Used widely in construction until 1999, asbestos is often found in…
Read More →
Breaking News

Hodge Bank introduces 80% LTV on Interest Only Mortgages, helping borrowers maximise their affordability

Specialist lender Hodge has today announced it will accept 80% Loan to Value (LTV) on Interest Only Mortgages to help borrowers expand their affordability. The criteria enhancement is the latest in a raft of changes introduced by the lender in a bid to make its underwriting as flexible as possible. This change applies to Hodge’s…
Read More →