Galliford Try chief executive David Calverley believes that the housebuilding industry is splitting into two camps following the latest wave of consolidation.
He said there was a clear division between high-volume housebuilders and smaller, regional companies such as Galliford Try.

Calverley said: "Our strength is developing smaller sites, brownfield conversions and an individual approach to developments. We believe we are in tune with our customers." He made the comments this week as the company announced its maiden interim results after it was formed from the merger of Galliford and Try in August.

The company posted pre-tax profit of £6.5m, excluding exceptional items, on turnover of £265.7m.

Our strength is smaller sites, brownfield … We believe we are in tune with our customers

David Calverley, Galliford Try

Exceptional costs were £3.3m following the merger and subsequent redundancy bill. The company expects to save £1.2m following the restructuring.

Calverley said the merger had been successful and the group was on track to meet the City's expectations of £15m pre-tax profit for the year.