Record profits for Gloucestershire independent housebuilder

David Foreman, Managing Director Newland Homes

Gloucester-based housebuilder Newland Homes have announced record figures for the last financial year, achieving a turnover of £50 million, with profits before tax of £6.5million.

With 2016 also being their 25th year of business, the company is bucking the trend reported recently in the national press that small housebuilders are being stifled by planning red tape.

Recent permissions in Gloucestershire include the canal-side Wallbridge development in Stroud of 37 homes, a second development in Hempsted which will provide 43 homes next to the award-winning Newark Barns site and a unique valley-side site at Nailsworth of 17 homes.

The company has also recently received permission for the exciting redevelopment of Pilgrove Way, Cheltenham, where the former Springbank shops will become 34 one, two, three and four bedroom homes.

Last year, Newland Homes had 13 live sites across the South West and completed the sale of 186 plots, 110 of these on the open market and 76 were affordable homes.

Other sites include Cotswold Edge in Mickleton; 22 homes at Fleet Lane, Twyning Green; The Old Orchard, Bredon; and development will also shortly commence on 47 homes at Cheltenham Road East in Evesham, plus 50 homes at Willersey later in 2018.

David Foreman, Newland Homes managing director, said: “2016 was, thanks to all our efforts, a fantastic year for sales, land purchases, planning permissions and construction.

“The future is bright and, subject to no major issues around Brexit, we are confident that our well-established, long serving, loyal team, combined with our very welcome and much needed new recruits, will see us continue to build our brand and reputation.”