Record year for Keepmoat
A HOUSING firm with developments across the Tees Valley reported a year of “record growth and outstanding delivery” today.
Affordable homes specialist Keepmoat has posted a pre-tax 2007 profit of £50.3m - about 25pc up on last year.
Turnover was £532m, compared to £468m, while profit for the financial year was £35m, compared to nearly £28m in 2006.
Keepmoat operates across the North-east through delivery companies Frank Haslam Milan and Haslam Homes.
Haslam Homes’ Tees Valley portfolio includes Mandale Park at Thornaby, Moorfields at Darlington and Hardwick Green at Hardwick, Stockton.
Based in Doncaster, Keepmoat plc employs more than 3,000 people.
Today, the firm said its results “demonstrate another year of growth and an outstanding delivery performance.”
Chief executive David Blunt said: “Our financial performance remains strong, as we continue our rapid and sustained growth, with turnover reaching in excess of £500m and our forward order book now holding at a level of £3bn.
“The key to this has been, and is, the outstanding delivery performance of our people.
“Across our regeneration and new home divisions 95% of our work is delivered through long term partnering arrangements.”
“And our expertise spreads across many areas, which continue to be at the forefront of the Government’s agenda including Decent Homes, HMRI Pathfinder, Public Private Partnerships and the provision of mixed tenure communities.”
Keepmoat has delivered and handed over more than 34,000 homes in the past 12 months - equating to one home handed over every three minutes.
The firm has also been accredited with the NHBC “Excellent” Health & Safety rating for the third year running.
Mr Blunt said: “Our people remain the most significant element of the company’s success. Across the group, we now directly employ almost 3,000 people and with an enviable track record of employee retention, we see ourselves as an employer of choice.”
He said the firm had invested in more than 63,000 hours of training in the past year.
