Bewley Homes Plc has reported a staggering 268% rise in turnover during the 12 months to October 2014, signalling strong growth for the business. The upmarket private developer, with developments in the South East, achieved a turnover of £70 million, up from £19 million in the previous year.
The number of legal completions also increased sharply from 57 units in 2013 to 82 units in 2014. Average selling prices also leapt 145% from £330,000 in 2013 to £825,000 in 2014.
Bewley Homes is on target for continued expansion with 18 sites already under construction or with planning consent, totalling 920 units and an estimated gross development value of £351 million. In addition the company also controls an additional 16 sites, subject to planning in the south east, with the potential for 761 units and an estimated gross development value of £237 million.
Andrew Brooks, managing director of Bewley Homes comments, “Bewley Homes is in a very strong position moving into 2015 with a number of key developments coming on stream. We aim to double the number of plots sold in 2015 and continue to strengthen our land bank. 2014 has seen us build a number of developments with one off luxury homes and we are expecting this to change in 2015 as we move towards developments with a larger number of units, such as Highcross Place in Chertsey and our forthcoming scheme in Wokingham.”
Bewley Homes is on an ambitious programme of expansion as a result of a new management board being created in 2013. The new board retains the hands on experience of Andrew Brooks as managing director and Colin Brooks as non executive chairman and founder of Bewley Homes Plc. New appointments have included Neil Simpson as sales and marketing director and Stephen Trenwith as land director.
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