A difficult year for Bovis Homes Group following a period of ambitious growth.

February 21, 2017

BOVIS HOMES GROUP PLC released yesterday 20th February their Final Results for the year ended 31st December 2016.

In the overview they state: A difficult year for the Group following a period of ambitious growth.

Commenting, Ian Tyler, Chairmanof Bovis Homes Group PLC said, “Despite the difficulties of 2016, the Board remains confident in the Group’s abilities to deliver improved returns to shareholders. The process of transformation is already underway under Earl Sibley’s interim leadership and I am confident the plans in place will address the operational weaknesses we have seen in our business, and focus us once again on delivering high quality product and service to our customers. Further, we are undertaking a strategic and structural review of the business to ensure we meet our commitment to deliver the highest possible returns from our valuable land assets.”

Commenting, Earl Sibley,Interim Chief Executive of Bovis Homes Group PLC said: “We have a clear set of operational priorities for 2017 and are fully committed to improving our levels of customer service and delivering high quality homes this year and in the future. The fundamentals of the business remain strong with a robust financial position and high quality land bank. With our focus on higher levels of customer service, improved build efficiency, and a refreshed culture, we are confident we will generate enhanced shareholder returns over the medium term.”

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

Bristol crowned best area for downsizers

The latest research from over-50s property specialists, Regency Living, has revealed where in England downsizers have the greatest choice of suitable homes to move to and where they face the toughest search based on the availability of suitable stock in the current market. Regency Living analysed current property market listings, looking at the proportion of…
Read More →
Breaking News

Kensington tops list of prime London oversupply, but gardens still drive buyer demand

The latest research from Jefferies London has found that Kensington is currently the most oversupplied area of the prime London property market, giving buyers the best chance of negotiating a deal, with more than 2,200 homes listed for sale, accounting for 20% of all prime central stock. Jefferies London analysed current market listings across each…
Read More →
Breaking News

Student rental chaos looms as Govt axes fixed-term contracts, agents warn

More than one in three letting agents fear academic lettings cycle will collapse Landlords already pulling out of student market amid Renters’ Rights Bill concerns Alto calls for urgent rethink – as fears mount over voids, admin, and rising rents Letting agents are warning of an approaching crisis in the student rental market just weeks…
Read More →
Estate Agent Talk

Feeling BAMBOOzled by that pretty plant triggering neighbourhood disputes?

Bamboo is often pretty to look at in a garden and can be perceived as a nice addition to it. However, do not be deceived by its good looks, as it has the potential to not only cause damage to your home and potentially inflict thousands of pounds’ worth of damage to your property but…
Read More →
Estate Agent Talk

The 5 Ultimate Process-Mining Advantages in Data-Driven Decision Making

Organizations create tremendous levels of data daily in the current dynamic business environment. That is not an issue of gathering this data, but how to properly utilize it to enhance the processes, increase efficiency, and make more intelligent decisions. It is here that process mining emerges as a formidable tool for the business endeavouring to…
Read More →
Rightmove logo
Breaking News

Rightmove asks government to carefully consider property tax changes

The UK’s largest property platform Rightmove is asking the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences which would risk stalling parts of the market. Key data National property tax Just under a third (30%) of homes for sale in England are priced at over £500,000, and…
Read More →