Bellway 'set to build profits' after higher demand

A national housebuilder is poised to record higher profits after “robust” demand boosted its progress.

Bellway says “solid trading” leaves it well placed to book higher annual earnings.

The upbeat outlook came after forecasts showed the business expects to complete as many as 8700 sales in its 2025 financial year – a rise of around 1000 properties on the same period 12 months ago.

And bosses say the Newcastle-headquartered builder, which has estates across the UK, has enjoyed a higher average selling price of around £315,000, with forward orders 7.7 per cent higher at 5759 homes.

Hailing its progress, chief executive Jason Honeyman said the firm had benefited from an “increase in customer confidence”, which leaves it primed to deliver 20 per cent cumulative volume growth in the two years to July 31, 2026.

He said: “We have delivered a solid trading performance, and we are on track to deliver strong growth in volume output and profits in the full financial year.

“We have a healthy forward order book and outlet opening programme, which will serve as a platform for further growth in our 2026 financial year.

“I remain confident that, supported by the group’s operational strengths, land bank depth and an increased focus on cash generation and capital efficiency, we can capitalise on the positive fundamentals of our industry and deliver volume growth and improved returns.”

Bellway’s developments include Meadowcroft, in Longframlington, Northumberland, and Hartwell Park, in Hartlepool.

Its national portfolio also comprises Clifford Gardens, in Skipton, North Yorkshire; Somerford Gate, in Congleton, Cheshire; Roman Gate, in Melton Mowbray, Leicestershire; and Cavendish Grove, in Raynes Park, London.

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