Property developer Urban Splash this week said pre-tax profit at the company had risen from £4.7m to £5m on a like-for-like basis in the 12 months to 31 March.
In its last results, Urban Splash reported a £6.3m pre-tax profit for the previous 16 months before changing the accounting year.
The value of the company’s net assets rose 36% to £41.2m after a revaluation of the portfolio.
Chief executive Tom Bloxham described the market as “competitive” but said he was happy with the company’s progress.
“I am particularly pleased to see our expansion nationwide,” he said.