London residential property developer Telford Homes Plc announced profits have increased tenfold in four years.
Profit before tax is ahead of expectations at £25.1m with total forward sales now over £550m, more than three times the current annual revenue.
Focusing on relatively affordable locations in London, Telford Homes has sold 661 open market properties in the year and another 105 since 1st April.
Jon Di-Stefano, Chief Executive of Telford Homes, said he was delighted Telford Homes has experienced another excellent year.
“We continue to be successful at every sales launch and the total value of all forward sales is now over £550 million, more than three times current annual revenue,” said Jon.
"The outcome of the 2015 General Election has provided certainty and stability to the political environment and to the housing market.
“The Board expects significant growth in output and profits over the next few years and remains very confident in the long term prospects for Telford Homes."
London residential property developer Telford Homes Plc announced profits have increased tenfold in four years….
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