Youngs Consultancy
Written by Daley Young Bellway expects year-on-year sales to be “severely constrained” until UK lockdown measures are lifted further, it said this month, with its net reservation rate dropping almost 70% during the lockdown period compared to last year. In the ten weeks from March 23 to May 31, the housebuilder saw its net reservation rate “rapidly” decline to
Written by Daley Young Berkeley’s pre-tax profit for its full year fell 35% against 2019, it reported on 17th June. The housebuilder commented that the profit drop to £503.7 million during its financial year ending April 30 2020 was “anticipated” with the completion of various central London schemes acquired from 2009 to 2013. But, with the effects of the
Written by Daley Young Crest Nicholson has reported a pre-tax loss of £51.2 million and plans to cut around 130 jobs as it battles the effects of the coronavirus pandemic. Announcing its results for the half year ending April 30 2020, the housebuilder said that it would also delay the opening of a new division. The proposed redundancies will
Written by Daley Young Persimmon reported at the end of April, that since the closure of its sites and sales offices in late March, it had devised and tested “a range” of new site protocols to allow for a return, “while ensuring the necessary social distancing restrictions are strictly enforced”. The move was welcomed by housing secretary Robert Jenrick
Written by Daley Young Giving an update on trading from January 1 until the end of April, Taylor Wimpey said it now had plans and processes in place to start a phased process of site reopening from May 4 “based on detailed new site operating protocols developed in compliance with strict social distancing requirements,” on most of its sites
Written by Daley Young Bellway site work resumed on 4th May on a phased basis. Following other housebuilders, the firm said it would only undertake tasks “that can be performed by our employees and subcontractors working in a safe and responsible manner, whilst adhering to strict social distancing measures”. The housebuilder plans t0 initially focus on homes close to
Written by Daley Young Bewley Homes says it is in “no rush” to reopen its sites and will tur to technology to promote a safe working environment once its workers do return. The Hampshire-based housebuilder, which aims to restart its sites at the start of June, “if all goes well”, said it intended to use a system which will
Written by Daley Young Releasing figures Taylor Wimpey reported a 5% increase in group completions to 16,042 including joint ventures (2018: 15,275) in 2019 confirming the results for the year were “in line with expectations”. Revenue increased by 6.4% to £4,341.3 million (2018: £4,082.0 million) with operating profit of £850.5 million (2018: £880.2 million) – volume growth was offset
Written by Daley Young In a new report launched in Parliament on 4th March, the Home Builders Federation (HBF) highlighted the diverse workforce needed to ensure that the UK meets the challenge of building 300,000 homes every year. It also stated that more than 49,000 new recruits were necessary to increase housebuilding to meet the government’s target. The report, Building a Future:
Written by Daley Young A record first half volume output has been achieved by Bellway for the six months ending January 31 2020 with the completion of 5,321 new homes (2019 – 5,007), a rise of 6.3%. Private homes have been in strong demand, with an 11% rise in the private reservation rate to 151 per week (2019 –