Barratt Devs post great set of numbers.

September 9, 2015

Barratt Developments report a great set of full year figures, their  profits up 44.8% at £565.5 million and their  shares are up 74.5% this year.

Following a year of excellent progress Barratts today posted their  Annual Results for the year ended 30 June 2015, the highlights are:

Significant increase in housing completions with the Group responding to strong consumer demand across all regions

Private average selling price increased by 8.7% to £262,500 (2014: £241,600) driven by further changes in mix and house price inflation

Profit before tax increased by 44.8% to £565.5m (2014: £390.6m)

Strong cash generation resulting in net cash at 30 June 2015 of £186.5m (2014: £73.1m)

Continued to secure excellent land opportunities, approving 16,956 plots for purchase and maintained a controlled land supply of 4.5 years

Significant step up in the delivery of strategic land with 17% of FY15 (FY14: 10%) completions from strategically sourced land

Strong start to the new financial year with net private reservations per week of 257, up by 14.7% on the prior year

Total forward sales including JV’s up by 32.2% as at 6 September 2015 at £2,321.9m compared to last year

Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “The strong operational and financial performance in FY15 reinforces the progress we have made over the past few years. Alongside our industry leading management team, I will continue to execute on our current strategy and focus on driving further efficiencies across the business.”

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

Tenancy fraud costing landlords £266m a month

The latest research from LegalforLandlords reveals that tenancy fraud is costing landlords an estimated £266m a month as 70% of those who fall victim to fraud report being unable to retrieve their losses. LegalforLandlords commissioned a survey of UK landlords* and found that 5% report having been a victim of tenancy fraud. This aligns with…
Read More →
Breaking News

Prime London market activity falls,

The latest market insight from Jefferies London has revealed that the prime London market slowed considerably during the second half of 2025, with average monthly transaction levels falling by 31% compared to the first half of the year. Jefferies London analysed property market transactions across prime London postcodes, looking at the average monthly number of…
Read More →
Home and Living

Demand for wooden furniture remains strong as homeowners rediscover 1960s interiors

Experts reveal how natural materials and timeless design are bringing an overlooked vintage era back into modern homes Search interest in wooden furniture has remained consistently high over the past 12 months, peaking at its highest levels in spring 2025, as homeowners continue to prioritise natural materials and timeless design. Experts say this growing preference…
Read More →
Estate Agent Talk

UK postcode study identifies where buyers get the most space for their money

New analysis has revealed the best-value postcodes for buyers: One UK town offers FOUR times more space than the national average. The study, compiled by the experts at Sell House Fast, analysed postcodes across England and Wales to identify where buyers get the most space for their money. Where £100,000 buys the most space in…
Read More →
what is happening to house prices
Breaking News

The graduate shortage: who will value Britain’s homes in 2030?

According to RICS, the average qualified surveyor is in their mid-fifties. Couple this with new entrant numbers failing to keep pace with retirements, and the profession faces a critical skills gap at the worst possible time. Ryan Mathews, Managing Director of LRG’s Surveyors division, examines why surveying struggles to attract new talent and what needs…
Read More →
Breaking News

62% of letting agents failing to comply

The latest industry insight from The Letting Partnership has found that while Client Money Protection (CMP) is a legal requirement across the lettings sector, 62% of letting agents are failing to clearly display valid CMP certification on their website, highlighting a growing issue around how compliance is demonstrated to landlords and tenants. The Letting Partnership…
Read More →