Demand for new homes continue to fuel Newland Homes’ success

David Foreman, Managing Director Newland Homes

Gloucester-based housebuilder Newland Homes has announced this year’s financial figures and has had another record year.

Supported by building carefully considered homes for a wide range of homebuyers in select locations, Newland Homes’ turnover has grown by 20% in the last year, reaching £60million with pre-tax profits of £11.5million.

The company also has six nominations in the prestigious LABC Building Excellence Awards, which recognise quality in all types of building project.

The Cotswold Edge development in Mickleton, Churchill Gardens in Yate, Whitebridge Gardens in Thornbury and Sandridge Gardens in Melksham will be going head-to-head to bring home the Best Development award.  Site managers Bob Mills and Andrew Cook have both been nominated for Site Manager of the Year:  Bob for his work at the Whitebridge Gardens site; and Andrew for Broad Blunsdon Heights in Swindon.

David Foreman, managing director, said: “When we started 2017/18 we had a positive outlook but recognized that issues around Brexit may have brought unforeseen implications.

“However, the market for the right type of new homes in the right location continued to be strong for us and we’ve beaten last year’s record turnover by another 20%, with pre-tax profits also rising by 77%.

“We expect this coming year to be another good one, however it will be one that is focused on progressing sites through the planning system and so we expect to see the resulting increase in sales to appear in 2019.

“However we do have a number of exciting developments soon to start in locations such as Chipping Sodbury, Evesham, Cheltenham, Barnstaple, Hempsted, Maisemore, Toddington, Yate, Willersey, Trowbridge, Whitminster and Bristol.”