Things are looking up at Bellway Homes including the number of sites opening and more importantly their profit which was up 20%. With their land buyers looking to buy new land on top of the 1260 plots already bought in the later part of 2010.
Just a few of the facts issued by Bellway Homes in their Interim Management Statement on 7th December 2010.
The report in part:
Interim Management Statement
Bellway is today issuing an Interim Management Statement (IMS) relating to the
period from 1 August to 30 November 2010…
Our divisions are gradually increasing investment in new site openings and it
is anticipated that the number of selling outlets will increase from 185 to
around 200 in early 2011. Having completed the acquisition of 1,260 plots in
the period and still maintaining a net cash position, the balance sheet remains
robust. The Group’s land teams are actively looking to secure further
opportunities at attractive margins and the divisions are concentrating on
bringing newly acquired sites to the market as quickly as possible to underpin
the operating margin going forward.
The outcome for the year to 31 July 2011 will be greatly dependent on the level
of consumer confidence during the 2011 spring selling season. This, in turn is
reliant on a reasonable supply of affordable mortgages combined with sensible
The Board believes it is currently well positioned in what continues to be a
tough and testing market for UK housebuilding.
A copy of the full report can be viewed on our sister site under the heading Bellway Homes – Interim Statement – Profits up 20%
Onyx Consultants are pleased to say that they have worked with a number of the people at Bellway Homes in the past and are glad to see that they will be kept busy again this year.
For more details on how Onyx Consultants Ltd and its Onyx Construction Marketing can help you do more work for the top house builders contact Andrew Fella 01473 743682 or visit the Onyx Website for more details.