Cala Group reports soaring profits.

September 8, 2015

Cala Group house builders have announced announced a near-doubling of pre-tax profits to a record £50.9million for the year to June 30, the group who target the relatively affluent areas of the UK saw revenue soar by 79% to £511.6million, the company reaped the rewards of the first full year of a new strategy to achieve economies of scale across its eight regional businesses.

 
Edinburgh based Cala Group reported 993 completions, that is up just over a third from a year ago, the firm sees potential based on current market conditions to build up to 2,500 homes annually and is targeting revenue of £1billion within five years, Cala is still building more new homes in and around Aberdeen despite the oil and gas downturn.

 
Chief executiveof Cala Group Alan Brown reportedly said “prices in the energy capital of Europe had stabilised over the past year but there was still no sign of a let-up in strong housing demand”.

 
Cala said a structural demand and supply imbalance in the UK housing market remained acute despite more new homes being built and an increase in the number of planning permissions, they highlighted employment growth, good mortgage access and record low mortgage rates as key factors driving an increase in sales, the company added it had started the new financial year with a solid forward sales position.

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

Latest ONS Private Rent and House Prices Index

Average UK monthly private rents increased by 5.0%, to £1,360, in the 12 months to October 2025 (provisional estimate); this annual growth rate is down from 5.5% in the 12 months to September 2025. Average rents increased to £1,416 (5.0%) in England, £817 (6.7%) in Wales and £1,008 (3.4%) in Scotland, in the 12 months…
Read More →
Estate Agent Talk

Winter property checklist: How to protect your home this season

As temperatures drop and winter approaches, Propertymark, the leading professional body for estate and letting agents, is urging homeowners and tenants to prepare their homes for the colder months with a few simple maintenance checks that can prevent costly damage and ensure safety and comfort throughout the season. According to Propertymark, winter is one of…
Read More →
Breaking News

London homebuyers have paid nearly £25bn in Stamp Duty over the last decade

The latest research from Jefferies London shows that, as many await news of potential Stamp Duty reform in the upcoming Autumn Budget, homebuyers across the capital have collectively paid almost £25bn (£24.9bn) in Stamp Duty over the last ten years, with buyers in prime central London contributing the largest share by a considerable margin. Jefferies…
Read More →
Letting Agent Talk

Slow maintenance responses are driving tenant anxiety

New research from Adiuvo, the UK’s leading provider of 24/7 property management support, reveals that almost 60% of tenants report feeling increased stress or anxiety as a result of maintenance issues in their rental property, and for most, the lack of landlord action is more stressful than the maintenance issues itself. Adiuvo has surveyed 1,.013…
Read More →
Estate Agent Talk

Agent confidence split as housing market braces for Autumn Budget impact

The latest agent sentiment survey from GetAgent.co.uk reveals that, while property market activity has remained resilient through 2025, confidence among agents is now divided as the industry awaits key housing announcements in the Autumn Budget. The survey of estate agents, commissioned by GetAgent, found that whilst cautiously optimistic, there are increasing concerns about external economic…
Read More →
Breaking News

Letting agents to play pivotal role in Renters’ Rights Act rollout

The latest lettings sector insight from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has revealed that 57% of landlords do not feel prepared for the introduction of the Renters’ Rights Act, with many looking to their letting agent for guidance, highlighting the vital role letting agents will play in helping…
Read More →