Youngs Consultancy
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 Crest Nicholson says it has made good progress with its revised strategy during its half year, achieving stable weekly sales. Issuing an update ahead of its half year results to be announced on June 11, the housebuilder said that during the six months to April 30 2019, it had progressed well with its new strategy
Written by Daley Young Barratt Developments and Crest Nicholson have issued updates to the market. Barratt reported a strong start to the financial year but Crest has issued a profit warning, announcing a new strategy to combat difficulties it is experiencing in the market. Reporting on the period from July 1 to October 14 2018, Barratt said that the
Written by Daley Young The finalists of The Housebuilder Awards 2018 have been revealed with Crest Nicholson and McCarthy & Stone standing out. Crest Nicholson has a total of five finalists in five categories, including in Best Regeneration Initiative, Best Community and both categories of Best Design. McCarthy & Stone features four times in three categories – Best Marketing,
Written by Daley Young Crest Nicholson and Bellway have reported good sales performances during the first half of the year, but Crest experienced dented margins thanks to continuing build cost inflation. During the six months to April 30 2018, Crest said its operating profit margin fell to 17.2% against the 19.1% achieved over the equivalent period the previous year.
Written by Daley Young Reporting on the housebuilder’s half year results, Stone said that “strong levels of employment, low interest rates and good mortgage access – including through the Help to Buy Scheme – should all contribute to a sustainable new build housing market.” Crest Nicholson said it was set to deliver revenue growth in its full year to
Written by Daley Young Crest Nicholson and Kier Group have continued to enjoy good performances, with Crest reporting good sales across its areas of operation. Issuing an update at Crest’s AGM last week, the company’s’ Chairman William Rucker said that the trading environment had “remained generally robust”. Rucker said that total forward sales were 5% ahead of the same
Written by Daley Young Crest Nicholson has seen a “landmark” year, achieving its sales target of £1 billion for 2016. Reporting on its full year results for the year ending October 31 2016, the housebuilder’s pre-tax profit rose 27% to £195 million against the equivalent period in 2015. Operating profit margins also saw a rise from 20.3% in 2015
Written by Daley Young Crest Nicholson and McCarthy & Stone have both reported strong growth during their respective financial years. Crest is set to report revenues for the year of around £1 billion. The housebuilder said that its anticipated revenue level was in line with its stated target “and a landmark achievement for the business”. Issuing a trading update
Written by Daley Young The housebuilding industry has welcomed the Bank of England’s decision to cut UK interest rates from 0.5% to 0.25%, stating that the move would aid both housebuilders and home owners. Peter Andrew, deputy chairman of the Home Builders Federation, said: “Demand for new build homes remains strong and sales rates have been solid since the