Bovis Homes Group reports record profits

February 23, 2016

Bovis Homes Group PLC yesterday announced its final results for the financial year ended 31 December 2015, in it they stated that – Significant revenue growth driven by record legal completions and a strong increase in average sales price.

Operational highlights for 2015 were – Land investment aligned with growth strategy –  Achieved planned growth in sites owned at the year end – Improved forward sales position.

Commenting, David Ritchie, the Chief Executive of Bovis Homes Group PLC said: “We have delivered record profit driven by another year of record volume.  We have invested well during 2015 in new consented land and achieved a strong level of conversion from our strategic land bank.  While it has been a time of operational challenge with fast moving market conditions, we are delivering our strategic growth plan and have evolved our management and business structure at the start of 2016 to support further growth.  Assuming market conditions remain stable we are confident in our ability to improve return on capital employed further in 2016.

“In the current housing market, our plan envisages the business delivering sustainable growth over the next few years to achieve annual volumes of between 5,000 and 6,000 new homes”. 

To read the final results report in full visit Bovis Homes Group website, 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.

You May Also Enjoy

Breaking News

Housing Insight Report: May 2026

While we have seen a slight dip in prospective buyer registrations, stock levels have edged upwards, giving consumers more choice and helping to create a more balanced sales market. Although tenant demand increased throughout May, available stock fell slightly, leaving an average of eight applicants competing for every available property. Residential sales The average number…
Read More →
Breaking News

Breaking Property News 28/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The UK rental market just changed hands. The tenant sets the terms now Lettings operators now realise that their ‘new’ tech savvy tenants, expect an instant 24/7 level of service as standard Thought Leadership by Adam Pigott CEO of tlyfe and OpenBrix | Consumer-Centric Property Platform  ‘Tenants weren’t the ones deciding that…
Read More →
Breaking News

No-deposit mortgages could cost first-time buyers

No-deposit mortgage could cost London first-time buyers £73,000 more in interest over first five years The latest research by London lettings and estate agent, Benham and Reeves, has revealed that whilst the emergence of no-deposit mortgages provides a welcome route onto the property ladder for buyers struggling to save, the cost of doing so is…
Read More →
Breaking News

Beach hut values fall for second consecutive year

The latest research from Yopa has found that beach hut prices have fallen for the second consecutive year across the UK’s most sought-after coastal locations, as the extraordinary growth seen in the years immediately following the pandemic continues to unwind. Yopa analysed the average asking price of beach huts across eight of the UK’s most…
Read More →
Breaking News

Burnham’s property and land tax: what would it mean for property owners?

With reports suggesting that property and land taxes could be on the cards under Burnham,  Simon Gerrard, Chairman of Martyn Gerrard Estate Agents, comments on what these proposals could mean for homeowners, particularly those in London who are likely to bear the brunt of any changes, given the capital’s significantly higher property values.   On uncertainty:…
Read More →
Property for sale
Breaking News

Homebuyers can save up to 47% by looking next door to the UK’s priciest postcodes

New research reveals how much less buyers could pay in postcodes neighbouring the UK’s most expensive locations Homes in these neighbouring areas are 28% cheaper on average, with the biggest gap reaching 47% in the North East Significant savings also seen in London, Scotland, Wales and Northern Ireland   Homebuyers could save up to 47%…
Read More →