Telford Homes Plc reports record revenue of £291.9 million

May 31, 2017

Telford Homes Plc, the London focused residential property developer, today announces its final results for the year ended 31 March 2017.

Telford Homes Plc reports record revenue of £291.9 million, an increase of 19 per cent (2016: £245.6 million)

Commenting on the Final Results, Jon Di-Stefano, Chief Executive of Telford Homes, said: “I am delighted to report record levels of revenue and profit for the year to 31 March 2017 and an increase in the dividend paid to shareholders. Since the start of 2016 we have swiftly established Telford Homes at the forefront of the London build to rent sector with over £230 million of combined contract value secured to date. Build to rent is a strategic focus for the Group and we expect to further increase our activity in the coming months.

Our confidence in delivering continued growth remains unchanged, supported by the chronic need for homes in London. We are on track to exceed £40 million of profit before tax for the year to 31 March 2018 and £50 million in the year to 31 March 2019 having already secured over 80 per cent of the anticipated gross profit for 2018 and over 60 per cent for 2019.”

Read the announcement in full click here.

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.

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