ONE of Scotland’s leading housebuilders is celebrating a year of progress after announcing their maiden annual results for the year ended 31 May, 2018.
Springfield Properties reported sales increases in both its private housing and affordable housing divisions, with the number of completions increasing by 24.2% to 770 new homes.
The group successfully added to its land bank as it seeks to secure future growth. A total of 1379 plots over six active sites and 13 future sites were added through the acquisition of Dawn Homes, which expanded the group’s land bank into the West of Scotland.
Consolidated revenue was also more than 27% higher than the previous year as it rose to at £140.7 million.
Sandy Adam, executive chairman of Springfield Properties, commented: “With an established pipeline, strengthened foundations and the long-term drivers showing no sign of abating, the board is confident of delivering strong growth for full year 2018/19 in line with market expectations.”
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