CALA has announced a record financial year with profits topping £60 million for the first time in the group’s history.
Alan Brown, CALA ceo said the firm remains on course to deliver 2,000 to 2,500 homes a year within the next four years: “Our growth strategy remains to focus on driving operational efficiency improvements throughout the group as we continue scaling up our divisions,” he said. “Alongside this, we continue to invest in building the size and capability of our teams, welcoming almost 100 additional members of staff to the business including our ongoing increase of apprenticeship and graduate recruitment initiatives across the group.”
Brown also said trading has been positive since the EU referendum. “In the 13 weeks since the EU referendum result, and although still early days, the group saw positive trading with total enquiry levels and reservation rates up 9% and 46% respectively while website users have also risen by 32% on the equivalent period last year. Sales prices have also remained stable while cancellation rates have actually reduced slightly.”