Larkfleet Group, trading as Larkfleet Homes and Allison Homes, has announced it has seen a strong trading performance for the year to the end of June 2021.
In a statement John Anderson, Group CEO of Larkfleet Group said: “All parts of the business performed well over the year delivering a strong trading performance for the year ending June 2021. There’s been robust demand for our homes across all operating regions and our continued focus on cost control and controlling work in progress, aligned to strategic investment, has resulted in cash reserves and the balance sheet improving significantly.
“We continue to strengthen the team and improve our operational efficiency resulting in better quality control and safety with a corresponding improvement in the standard of service we provide to our customers.
“Counterbalancing this strong consumer demand, material and labour supply shortages, common across many UK sectors, has acted as a drag on performance and resulted in significant cost inflation and build delays.
“However, sales and completions exceeded expectation with 484 new homes being handed to new homeowners in the period, representing a 48% uplift on the previous year (398 private homes sales 2020 – 2021 vs 267 in 2019 – 2020).
“Along with Karl Hick, Helen Hick, and the board of Larkfleet Group, I would like to thank all staff, sub-contractors, suppliers, local authorities, housing associations and funders for their continued support.”