Keepmoat announce 'strong' performance

Keepmoat Homes’ revenue increased 8.8% to £649.8 million during its financial year to October 31 2019, with the partnership housebuilder hailing a “strong financial and operational performance”.

Related topics:  Business
Property Reporter
23rd April 2020
house construction

It sold 4,035 homes during the period, a slight lift of 1.2% against the equivalent period in 2018. The affordable average selling price of its properties lifted 7.3% to £161,000.

Keepmoat said its HBF annual customer satisfaction survey result of 87.7% for 2019 was around a 12% improvement and “trending towards a five-star rating”.

Tim Beale, Keepmoat Homes’ CEO, had this to say: “As the UK’s leading partnership homebuilder, we continue to focus on delivering the affordable new homes the UK needs, with a focus on first-time buyers in parts of the country where there is strong demand. We remain committed to a multi-tenure strategy with our partners, including Homes England, local authorities, registered providers and the Private Rented Sector (PRS).”

“Like all businesses, Keepmoat has been closely monitoring and responding to the government’s latest guidance in our national response to the COVID-19 virus. As a responsible business, we have taken the decision to close all our sites and show homes.”

“The group continued to trade well up until late March with high visitor levels and reservation rates and a strong order book for the delivery of high-quality affordable new homes for our customers and partners. Keepmoat is well-positioned to recommence activities as soon as it is safe to get back to work at our developments.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.