On Tuesday 13th March Legal & General acquired the 52% of Cala it did not own. L&G Capital’s CEO Kerrigan Procter said: “Legal & General is delighted to assume full ownership of CALA Homes, a growing business which we know and understand well. It has a strong management team with proven experience of managing a
CALA has seen new home completions rise 46% to 1,677 in the year to the end of June, a 526 increase compared to the previous year. In the latest trading update the firm says it is on track to deliver its strategic growth plan as it heads for its fifth consecutive year of record profits.
CALA Group has reported a “very strong” first half performance, and anticipates a fifth consecutive year of record revenues and profits. During the six months to December 31 2016, CALA’s net private reservations rose 24% to 610 on the equivalent period last year, which ceo Alan Brown said was mainly driven by its growth strategy.
For the first time in the group’s history CALA has announced a record financial year with profits topping £60 million. In the year to the end of June CALA completed 1,151 homes compared to 993 the year before with turnover rising 15% to £587.1 million. CALA ceo Alan Brown said the firm remains on course
CALA Group announced on Monday that it is set for another “record” year of revenues and profits. Issuing an update on the eight months to the end of February this year, the housebuilder said that total reservations rose 49% against the equivalent period last year. Private sales per site per week climbed to 0.50 from
CALA Group today reported “record” profit, revenue and volumes during its year to June 30 2015. The housebuilder’s pre-tax profit rose 90% to £50.9 million during the year against the equivalent 12 months in 2014, which included the first full year of contribution from Banner Homes which was acquired by CALA in March 2014. CALA’s
Last year CALA Group implemented a growth plan and this week they have reported they are set for their first year of “significant volume growth”. Reporting on 1st January 2014 – 28th February 2015, CALA said the average selling price of their net private reservations rose “considerably” up to 27% to £537,000 against the £423,000