The housebuilder brought in £2.14bn in revenue during the period, up from £2.11bn in 2019 and £1.94bn in 2021.

The business has seen strong revenue growth in all regions, most significantly in the South, where it grew by 42%.

Commenting on the results, Richard Akers, non-executive chairman at Redrow, said: “I am delighted to report a year of strong growth which has resulted in our underlying profits returning to the record levels achieved in 2019 prior to Covid.

“Revenue increased by 10% to £2.14bn and underlying profit before tax was up 31% year on year, both ahead of our pre-covid 2019 figures.

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“Given rising inflation and higher interest rates , it is not surprising the buoyant housing market has moderated recently and demand has returned to historically average levels.

“It is on this basis we have prepared our medium-term plan and we are confident our timely investment in land, combined with strong demand for our Heritage homes, will support our continued growth.

“In addition, our opening order book of over £1.4bn has put us in an excellent starting position for the 2023 financial year.

“As a result, the business is well placed to deliver another set of strong results."