Barratt sees completions soar

Feb. 24, 2016
<p>Barratt saw completions increase by almost 10% year on year in the second half of 2015 to 7,626 as revenue rose 19% to £1.875 billion with margin up 1.2 points to 18.6%.</p> <p>Announcing its half yearly financial report for the six months ending December 31 2105, Barratt said that the firm was increasing completions "in a disciplined way, both financially and operationally" in line with its strategy.</p> <p>The firm said it had seen a strong start to 2016 with total forward sales at February 21 up 13.4% to £2.579 billion. However net private reservations per week are down to 260 compared with 279 last year, although the rate per active site per week remains at 0.71.</p> <p>Barratt ceo David Thomas said: "The market remains strong as a result of improved mortgage availability and government support for first time buyers and we will continue to grow in a way that delivers for the needs of home buyers and shareholders alike."</p>

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register