The deputy managing director of Yorkshire’s leading housebuilder has reported a strong start to 2014 with solid growth strengthening the financial position of the company and creating new jobs to meet demand.
As the company released its results for the first half of 2014, Simon Usher, deputy managing director of Persimmon Homes Yorkshire said the Group remained confident for the future.
He said: “Persimmon has produced another strong performance, taking advantage of the current market opportunities to deliver growth whilst strengthening the financial position of the business.
“Underlying pre-tax profits for the group increased 57 per cent to £212.9m (2013: £135.3m) with legal completions in the UK up 28 per cent to 6,408 compared with the same period in 2013.
“We have been encouraged by our private sale reservation rate since July 1 which is currently running nine per cent ahead of the same period last year. Visitors to our sites continue to run ahead of last year’s levels and cancellation rates remain at the lowest levels we have experienced over the last few years.
“We welcome the disciplined lending by mortgage providers which, together with the keen appetite of first-time buyers and existing homeowners to buy newly-built properties, is providing the opportunity for the industry to increase construction. We will continue to offer a broad mix of house types for sale at affordable prices tailored to our customer preferences in our region.”
To meet the ever-increasing demand for quality new homes, the company is also continuing to invest heavily in strategic land.
Simon added: “During the first six months of the year, the business acquired 14,251 plots of land. These outlets will ensure the Group is able to deliver new homes that local communities are keen to acquire.
“We remain confident of Persimmon’s continued successful development and the focus now is on getting people into their homes for Christmas. There’s still plenty of time to reserve and complete in time to spend Christmas with your family in a brand new home.
“As a region, we are delighted with the Group’s performance and I would like to thank my own team for their dedication and commitment. Our apprentices and trainees are also enjoying meeting the challenges created by increased activity and are providing a valuable contribution by focusing on the basics of good housebuilding.”
Persimmon Homes Yorkshire has properties available to move into before Christmas at Hull, Withensea, Selby, Scunthorpe, Hornsea, Retford, North Hykeham, Easingwold, Norton-on-Derwent and Doncaster.
For more information please visit www.persimmonhomes.com