Revenue

Inland Homes expects drop in revenue



Inland Homes has announced that revenues are expected to be approximately £90m for the year to 30th June 2017, an 11.8% decrease on the figure recorded for the same period last year (£102m).


This data was released by the specialist housebuilder in a trading update ahead of its preliminary financial year results, which will be announced in September 2017. 

Profit before tax was in line with the market expectations.

Inland Homes trading update: 

Inland table

Inland Homes sold 780 residential plots in the last 12 months (2016: 425 plots). 

These included: 

400 plots at a joint venture site in Aylesbury, Buckinghamshire, for an aggregate of £22m, with the group’s share being £11m
173 plots at Alperton, Greater London, for £16m as a sale of a subsidiary
58 plots at Beaumont Works in St Albans, Hertfordshire, for £7.5m to a major housebuilder
57 plots at Witley Gardens in Southall, Greater London, for £8.1m to a housing association
28 units at Queensgate in Farnborough for £1.6m also to a housing association.

Inland Homes PLC has also reported a 69% increase in secured planning permissions (1,856) compared with last year (1,096)

Stephen Wicks, CEO at Inland Homes, said: “Inland continues to build firm foundations for the future.

“A record £1.34bn short-term development pipeline; the creation of a highly experienced construction team which enables us to capitalise on partnership opportunities; and growing private housebuilding along with land sales has resulted in a dynamic, multi-faceted business model which will stand us in good stead for the future.”



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