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

Inheritance Tax Receipts raise £0.8 billion in one month

Inheritance tax receipts hit £0.8 billion in April 2025 according to data released by HM Revenue and Customs (HMRC) this morning. This is £97 million higher than in April of the previous tax year, and continues an upward trend over the last two decades. With such a strong start to the new tax year, predictions that Inheritance tax…
Read More →
Breaking News

Zoopla research reveals homeownership outranks marriage as top priority for UK adults

A new survey from Zoopla reveals that 48 per cent of UK renters in a relationship are prioritising saving for a home over a wedding, with this figure rising to 59 per cent amongst Gen Z The financial pressures of saving for a home have resulted in a fifth considering postponing marriage in favour of…
Read More →
Breaking News

London rental market rebalances amid rising supply

Foxtons data shows There was a 5% increase in market supply in April, and a 9%, increase in market supply of new instructions year to date The average rent in April 2025 increased by 3% to stand at £589 per week April saw a 3% month-on-month reduction in applicant registrations, which goes against the trend…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s Weekly Mortgage Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.60% -0.02% -0.84% 5-year fixed 4.58% -0.02% -0.48% Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.72% +0.00% -1.03% 5-year fixed 3.78% +0.00% -0.56% Average fixed-term mortgage…
Read More →
Estate Agent Talk

Streamlining Property Documentation for Fast Transactions

Property transactions often stall due to paperwork bottlenecks. Missing documents, hard-to-read files, and format incompatibilities can turn straightforward sales into lengthy ordeals. For estate agents, property managers, and solicitors, these delays mean unhappy clients and lost revenue. Efficient document management sits at the centre of smooth property transactions. Converting files between formats quickly ensures that…
Read More →
Breaking News

Breaking Property News 21/05/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Welcome to the first instalment of a 52-week exploration into the intersection of data and digital infrastructures, tenant experience, and operational performance in commercial real estate. Andrew Stanton CEO Proptech-PR & Editor of Proptech-X  – ‘Over the past nine years I have worked 1:1…
Read More →