Galliford Try Increases Landbank to 9,500 Plots

Housebuilding and construction group Galliford Try said there was a 8% increase in its landbank to 9,500 plots and a 28% increase in total housing completions to 851 units in the half to end-December. In the Trading Statement released by the company today for the 6 months to End December 2010.

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 are posted below:

GALLIFORD TRY PLC

TRADING UPDATE

Galliford Try plc, the housebuilding and construction group, today provides the following update on trading for the half year ended 31 December 2010.  The group expects to announce its results for the half year on 23 February 2011.

Highlights

Land

·      8% increase in total landbank to 9,500 plots (31 December 2009: 8,800 plots).

·      62% of landbank now secured at current market values, (31 December 2009: 36%).

·      Selected as preferred developer on projects in all three HCA delivery partner panel regions.

Greg Fitzgerald, Chief Executive, commented:

“While the economic outlook is still uncertain, the board continues to be encouraged by the progress being made in housebuilding and by the resilience of the Group’s construction business.  While remaining cautious in the short term, the Group is confident in its strategy for delivering the objectives of its expansion plan.”

Good land opportunities continue to be available.  Galliford Try’s expertise on working with local communities and planning authorities to obtain planning consents on land secured on a conditional basis remains an important factor in providing future development sites.  Our total land bank at 31 December 2010 is 9,500 plots (2009: 8,800) of which 5,900 plots, or 62% of our total landbank, have been acquired under current market conditions, compared to 36% a year ago.  Based on our strict financial criteria for land acquisitions, we have 2,700 plots with terms agreed in the pipeline.

We are now preferred bidder on development opportunities in all three regions of the Homes and Communities Agency’s delivery partner panels, demonstrating our industry leading presence in affordable housing and regeneration across the country.  We also anticipate that the Government’s designation of up to 80% of open market rent as affordable housing will support development levels, sustaining both pricing and sales volumes in the sector.

A full copy of the statement from Galliford Try can be obtained from their website http://www.gallifordtry.co.uk/investors 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 Galliford Try then contact Andrew Fella at Onyx Construction Consultants Ltd

UK’s 20 Biggest House Builders by Turnover

The Top 20 house builders league table ranks the UK’s 20 biggest house builders by turnover and profit.

2010 Rank by turnover

2010 Rank by profit

Company

Latest turnover (£m)

Previous turnover (£m)

Latest pre-tax profit (£m)

Previous pre-tax profit (£m)

Latest margin (%)

Previous margin (%)

2009 Rank by Turnover

2009 Rank by Profit

1

20

Taylor Wimpey

2,596

3,468

-700

-1,970

-27.0

-56.8

2

25

2

19

Barratt

2,285

3,555

-679

137

-29.7

3.9

1

2

3

2

Persimmon

1,421

1,755

77.8

-780

5.5

-44.4

3

24

4

12

Bellway

684

1,150

-36.6

34.8

-5.4

3.0

4

4

5

1

Berkeley

615

702

110

120

17.9

17.1

5

1

6

8

Bloor *

311

335

-1.5

-51.9

-0.5

-15.5

13

18

7

17

Miller

310

646

-157

52.9

-50.6

8.2

12

21

8

16

Redrow

302

650

-141

-194

-46.7

-29.8

7

22

9

6

Bovis Homes

282

282

4.8

-78.7

1.7

-27.9

15

20

10

10

Stewart Milne

276

420

-27

25.1

-9.8

6.0

11

6

11

13

Crest Nicholson **

238

544

-50.7

-383

-21.3

-70.4

8

23

12

14

Galliford Try

235

486

-53.8

10.6

-22.9

2.2

6

8

13

3

McCarthy & Stone ***

226

457

19

114

8.4

24.9

10

3

14

7

Fairview

224

223

0.4

-32.3

0.2

-14.5

17

17

15

9

Countryside

188

518

-25.7

26.5

-13.7

5.1

9

5

16

11

Cala

168

175

-33.9

-266

-20.2

-152.0

14

11

17

5

Telford

159

107

7.3

4.3

4.6

4.0

24

12

18

15

Kier

151

312

-62.4

-21.2

-41.3

-6.8

16

15

19

18

McInerney

127

256

-164

-175

-129.1

-68.4

22

14

20

4

Morris

112

163

11.9

17.3

10.6

10.6

18

9

Totals

10,910

16,204

(1,901)

(3,410)

All companies ranked according to their most recently filed accounts.

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.

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