The Financial Week Ahead - Newswatch: Berkeley pins hopes on boom.
It’s all change on the board of the Berkeley Group as the UK’s leading luxury home builder waits for the government and the South East Planning Authority to agree on the number of houses to be built in the region’s biggest housing boom since the Second World War, writes Jerry Frank. Group chairman and chartered accountant, Roger Lewis, has stepped in as interim finance director over the last six months as the Surrey-based group of 14 construction firms looked for a new FD. Lewis is likely to release annual results next week that will build on the 15% increase in pre-tax profits to produce interim results of #60.3m. High profile projects such as the 32-acre Imperial Wharf site on the Thames and the prospect of catering for the top end of the 33,000 to 43,000 new homes due for the south east should ensure further optimism. In October, Peter Darby resigned due to ‘personal reasons’ as finance director after eighteen months at the helm. Scottish chartered accountant, James Corr, will take over as group FD next month after spending five years as FD at Polypipe, the diversified plastics building material manufacturer and 20 years’ experience in industry. www.berkeleygroup.com.