Ongoing demand in London helps Telford Homes turn in record numbers

By Dave Rogers2018-05-30T09:51:00

Firms looks at increasing more build to rent work

Telford Homes hit record levels of turnover and profit last year as the AIM-listed housebuilder reaped the benefits of a booming London market.

Revenue was up 8% with pre-tax profit up a third to £46m in the year to 31 March 2018 with the firm predicting that the burgeoning build to rent market would see the firm post profits in excess of £50m over the next three years.

Chief executive Jon Di-Stefano hailed ongoing demand in the capital and added: “Our growth is underpinned by the under supply of new homes in London and robust demand at more affordable price points, particularly for rental housing.”

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