Keepmoat Homes reveals 'record breaking' annual report with over 30% revenue boost

Keepmoat Homes has unveiled its annual report, whereby sales of ‘affordable’ homes have broken a new record.

As well as this, revenues have increased by 31.3 per cent to £555.6m. This time last year in 2017, that figure stood at £423.2m.

On average, 3,1717 homes have been sold - an increase of 27.1 per cent compared to last year. The number of plots available within the company’s land space has also increased by 13 per cent.

James Thomson, chief executive officer of Keepmoat Homes, said: “The last 12 months have been a transformational period for Keepmoat Homes.

“Following the sale of Keepmoat’s Regeneration division to Engie, which completed on April 30, 2017, Keepmoat Homes is now focused on delivering more new homes [that] the UK needs with greater speed…

“We are also committed to a multi-tenure strategy with our partners including Homes England, local authorities, registered providers and the Private Rented Sector (PRS).

“We are pleased to partner with ilke Homes, [a] modular homes business in the UK. The industry is increasingly looking at modern methods of construction (MMC), and we welcome the government’s support for modular construction to drive the delivery of additional homes over and above what the industry can currently build.”

Thomson concluded that over 80 per cent of Keepmoat Homes’ current developments are on ‘brownfield land’ - an area of land that has previously been used for construction work before.

The company’s brownfield delivery partnerships are with local authorities in Leeds, Sheffield, Rotherham and Herefordshire.