Annual results announcement
End of year financial results
3rd - 9th February 2020
Record year for Connells Group Land & New Homes division
Outstanding growth of land operation and new homes sales delivery
Connells Group has just announced a 19% increase in pre-tax profits for 2015*, with trading profits increasing to £62.5m for the year just passed. Connells Land & New Homes division has played a significant part in these results selling over 8,000 new homes (up 43% on the prior year) and achieving a 20% growth in revenues from the sale and acquisition of residential development land. These results cement the Group’s standing as the UK’s most successful land and new homes business, a position it has held for many years.
Commenting on the results, Stephen Shipperley, Connells Group Chairman said: “2015 was another stunning year for the Connells Group and for the Land & New Homes division in particular. We treasure the long standing relationship that we have with the UK house building sector in both finding land for development and selling new homes.”
The Group has continued to invest in the growth of both its land operation and new homes sales delivery. Commenting on this investment, Connells Group Land Director Roger Barrett said:
“We now have 35 dedicated land operators across the UK and we intend to invest in more this year. The exceptional level of land deals achieved in 2015 will have a major impact in increasing the number of new homes in our pipeline and this will further strengthen our position in the new homes market in the years ahead.”
In addition to growing its team of land operators, Connells Group continues to strengthen its new homes sales capability: “Ours is a simple formula. We make use of our network of nearly 550 high street estate agency branches for in-depth, up to the minute market knowledge and access to a huge database of local buyers. This, married with our experienced new homes managers, allows us to provide a dedicated service to house builders whereby we can maximise prices, sales rate and provide the intensity of service needed to do the job well,” concludes Roger.
Connells Group Land & New Homes divisions, which specialises in land disposal and acquisition as well as appraisals and valuations, is urging private land owners looking to sell this year to get in touch if they would like to discuss their options further.
- Ends -
Notes to editor:
*Excluding one off gains
For further information and photography, please contact the press office on 01525 218536 or email Lucy Walsh, Group PR Manager: Lucy.Walsh@connells.co.uk or Isabelle Thompson, Group PR Executive: Isabelle.Thompson@connells.co.uk