Contracts Leads Page for Subcontractors in East Anglia & North Home Counties

This week we have set up our Contracts Leads Page where you will be able to find brief details of contracts about which we close knowledge due to our sister company Onyx Construction Consultants involvement.

Our sister company Onyx Construction Consultants has a number of House Builder and Developer clients which it works for in a QS , Project Management or Advisory role with a number of projects due to start within the next 6 months it has been asked by three of its clients to assist with compiling subcontract tender lists for projects in its working area.

As the majority of Onyx Construction Consultants clients work in the housing and care home markets in the East Anglia or Northern Home Counties areas the majority of leads will also be in these areas, although occasionally there are some heavy civils / groundwork projects and major refurbishment of listed buildings also due soon as well as the projects further afield.

Further details of the projects will be made available by email on request.

Updates and additions to the site page will be notified via Twitter @onyxmarketing and this Blog’s Home Page

If you know Quality Subcontractors who’s working area covers the above locations please forward this information to them via the links below.

Improved Quality Landbank Puts Redrow in Good Shape for Continued Progress

In a Trading Statement issued by Redrow Homes the Chairman talks about being in good shape to continue progress with an improved quality landbank of 13,140 plots.

Redrow Plc swung to an £8.5m pre-tax profit in the first half from a previous £8.7m loss on the back of an increase in revenue and margins.

Revenue for the six months to December was up 15% to £216.1m from the previous £187.2m, despite difficult market conditions.

Average private selling prices rose by 16% to £170,500 from £147,300.

Gross margin increased to 13.4% from 7.2% as a result of both volumes and average selling prices increasing.

The group’s operating profit of £12.1m represented an operating margin of 5.6% and compared with a 2010 loss of £1.6m.

Net debt at the period end was £51.5m, up from £49.3m a year earlier, with gearing rising to 12% from 11%.

Redrow said its New Heritage Collection was proving a great success. The average New Heritage Collection private selling price was £196,000, 7% higher than equivalent homes in the previous Signature range.

The group had a half-year landbank of 13,140 plots, against the June level of 13,170.

Chairman Steve Morgan said, ‘In spite of the challenging conditions, Redrow’s decision to return to our traditional values with the introduction of the New Heritage Collection proved to be a great success for the business.’

‘While it is still too early to call the spring market the second half has started encouragingly with reservations during the first six weeks comfortably ahead of the same period last year…

‘Given the improved quality of our land bank, the roll out of the New Heritage Collection and the unquestionable housing shortage, I feel that Redrow is in good shape to continue to make progress.’

A full copy of the statement from Redrow Homes can be obtained from their website http://www.redrowplc.co.uk/corporate or the following link Statement Report

If you are a house builder and need assistance with your commercial requirements or a subcontractor looking for an introduction to major house builders such as Redrow Homes then contact Andrew Fella at Onyx Construction Consultants Ltd 0n 01473 743682

Bellway Homes – Spends £130m on Land in last 6 Months

The UK’s 4th largest House Builder delivers more good news in its latest Trading  Statement for the 6 months ending 31st January 2011. With news of increased sales, unit prices and profit plus purchase of a number of new sites.

A full copy of the Statement can be seen by following the links at the bottom of this post but the high lights on its land / site purchases and housing stock are posted below details regarding its trading figures and profit can be seen on our Onyx Consultants blog site:

Bellway p.l.c.

Trading Update

Monday 7 February 2011

Bellway is today updating the market as to its trading performance for the six months ended 31 January.

The Group completed the sale of 2,332 homes, an increase of 85 units, compared to the six months ended 31 January 2010. The average sales price of these homes has risen from GBP155,871 in the same period last year to GBP168,000, an improvement of circa 8%. This increase, whilst aided by greater price stability during 2010, is primarily a result of the change in product mix as Bellway continues to change its focus away from apartments towards more traditional two storey homes.

The operating margin is expected to exceed that achieved in the comparable period last year of 6.1% by almost 100 basis points. This improvement in margin should continue in the second six months as more recently acquired sites start to contribute to completions.

Around GBP130 million (2010 – GBP76 million) has been spent on land in the period and whilst Bellway is no longer in a net cash position, having GBP7 million of net debt at 31 January, it remains soundly financed, having recently renewed a bilateral facility of GBP150 million with Barclays, one of its banking partners. This new facility expires in a variety of tranches up until December 2015 and currently provides the Group with total facilities of GBP380 million…

 

A full copy of the statement from Bellway Homes can be obtained from their website http://www.bellway.co.uk/corporate or the following link Statement Report

If you are a house builder and need temporary assistance with your commercial requirements or a subcontractor looking for an introduction to major house builders such as Bellway Homes then contact Andrew Fella at Onyx Construction Consultants Ltd 0n 01473 743682

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