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

Breaking Property News – 07/12/23

Daily bite-sized proptech and property news in partnership with Proptech-X.   Blend of short-tail and long-tail lead generation strategies is crucial for estate agents In the ever-evolving estate agency sector, the game-changing role of digital marketing is more evident than ever. Recognising the significance of a well-rounded approach, today’s estate agents are urged to embrace…
Read More →
Estate Agent Talk

Enhance Your Home’s Curb Appeal With These Simple Upgrades

Recognizing the significance of curb appeal is universal among the majority of homeowners, whether you’re in the market to sell, rent, or simply create a lasting impression for your family and guests. Investing in your home’s curb appeal not only pays off aesthetically but also adds tangible value to your property. Fortunately, there’s no need…
Read More →
Estate Agent Talk

Navigating the Realm of Real Estate: A Comprehensive Guide to Property, Land, and Home Deco

Real property, encompassing land, buildings, and other tangible assets, is a dynamic and multifaceted region that performs a pivotal position in shaping our dwelling environments and influencing economic growth. Understanding the intricacies of actual estate is essential for people in search of to put money into assets, acquire their dream houses, or honestly stay knowledgeable…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 06/12/23

The average 5-year fixed mortgage rate is now 5.11%, down from 5.36% a year ago The average 2-year fixed mortgage rate is now 5.52%, down from 5.61% a year ago The average 85% LTV 5-year fixed mortgage rate is now 5.20%, down from 5.37% a year ago The average 60% LTV 5-year fixed mortgage rate…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove Happy at Home Index 2023: Richmond upon Thames named happiest place to live by residents

The borough of Richmond upon Thames in London has been crowned the happiest place to live in Great Britain, followed by Winchester in Hampshire: It’s the first time a London location has topped Rightmove’s Happy at Home Index, now in its 12th year Monmouth in Wales takes third place, the first time an area from…
Read More →
Estate Agent Talk

How to Use Green Carbide for Sustainable and Affordable Real Estate Projects

How Recycled Carbide Can Help You Build Greener and Cheaper Real Estate Projects Green carbide is a cutting-edge material that CERATIZIT, a leading provider of hard material solutions, has developed. It is a kind of cemented carbide that is made from over 99% of recycled carbide from old milling cutters, drills and solid carbide tools.…
Read More →