Business

Keepmoat announce 'strong' performance

Property Reporter
|
23rd April 2020
house construction

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”.

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.”

Related articles
More from Business
Latest from Financial Reporter
Latest from Commercial Reporter