Basingstoke ObserverBASINGSTOKE based Bewley Homes has announced a set of record results for the Group in 2021 as the company continues its growth and expansion plans.
The housebuilder’s turnover almost doubled from £84.4m in 2020 to £156m in 2021, its record year to date, with sales completions rising to 443. Group profit rose by 115% to £34.4m, with gross margins a new high of 22%.
Andrew Brooks, Managing Director commented: “The current pipeline of homes in planning and construction puts the company on course for another excellent year in 2022.
We benefit from strong financial foundations which will see us continue to increase turnover in the coming years as we expand our areas of operation. We have been creating exciting new communities, throughout the south, for more than 30 years and we are now looking to offer our homes to a wider audience.
The focus now is on acquiring suitable land for us to create new communities and we are actively looking for sites which would accommodate anything from 40 to 500 homes.
Being privately owned with a short chain of command and excellent liquidity gives us the ability to act quickly and provides flexibility in the way we structure a transaction which, in turn enables us to build a sustainable business with a great reputation.”
