Telford Homes expects to report record revenues and profit.

April 5, 2017

Telford Homes Plc, the residential property developer focused on non-prime London, has today 5th April 2017 given an update on trading ahead of its final results for the year ended 31 March 2017, which will be released on Wednesday, 31 May 2017.

Telford Homes expects to report record revenues and profit for the year to 31 March 2017 and that profit before tax is anticipated to be slightly ahead of current market expectations following a strong performance in the second half of the year.

Jon Di-Stefano, Chief Executive of Telford Homes, commented: “I am delighted that after a strong performance in the second half of the year, the Group expects to report record revenues and profit before tax for the year to 31 March 2017.  Telford Homes is extremely well positioned to achieve further significant growth, building homes for a chronically undersupplied non-prime London market and increasing its activity in the build to rent sector which earns higher capital returns.  As a result we are on track to deliver on our stated ambitions to exceed £40 million of profit before tax in the year to 31 March 2018 and £50 million in the year to 31 March 2019.”

Read the Telford Homes Plc trading update released today in full 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

UK property sector gender pay gap keeps getting wider

UK property sector gender pay gap keeps getting wider and It now has the fourth largest gap across all UK industries The latest research from Yopa reveals that real estate remains one of the UK’s worst-performing industries when it comes to the gender pay gap, ranking as the fourth largest across all sectors after widening…
Read More →
Rightmove logo
Breaking News

Britain’s most expensive streets revealed

The latest edition of Rightmove’s Most Expensive Streets report reveals that Winnington Road in Barnet, London, retains its position as Great Britain’s most expensive street, with an average asking price of £12,538,095 Chester Square in Westminster is second, with an average asking price of £11,546,428 and The Bishops Avenue in Barnet is third, with a price tag of £8,930,650 East Road…
Read More →
Estate Agent Talk

Average mortgage deposit exceeds the average salary

In 62% of Britain’s housing markets, the average deposit exceeds the average salary The latest research from eXp UK reveals that in 62% of Britain’s housing markets, homebuyers must save a deposit that exceeds a full year’s earnings, underlining just how substantial the cost of homeownership has become across large parts of the country. eXp…
Read More →
Breaking News

Latest Halifax house price data shows a 1.3% increase

Here are some thoughts from the Industry   Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The latest Halifax House Price Index confirms that average property values have remained above the £300,000 mark for the second consecutive month, reinforcing the resilience of the UK housing market. Sustained pricing at this level…
Read More →
Breaking News

Halifax House Price Index February 2026

House prices rose in February as market maintains early-year momentum • House prices increased by +0.3% in February, following a +0.8% rise in January • Average property price is now £301,151, edging up to another new high • Annual growth of +1.3% is strongest in four months, up from +1.1% in January • Northern Ireland…
Read More →
Breaking News

These are London’s most imbalanced housing markets

The latest research from Benham and Reeves reveals the least balanced housing markets in London where for-sale stock most heavily outweighs rental stock, thus putting renters in a difficult position when trying to find a home in the capital. Benham and Reeves has analysed current residential property listings in London* to discover which boroughs offer…
Read More →