TechnologyAccounting SoftwareBeazer Housing back on track

Beazer Housing back on track

Beazer Group, the UK’s third-largest housebuilder, is set to report it is back on track after experiencing a poor first half in which completions fell by 18%.

Next Wednesday’s final results are expected to have risen due to the company’s strong sales base, a large amount of land acquired for future development and a gearing ratio slightly lower than last year.

Pre-tax profits are expected to have risen by around 3% to £81m, up on last year’s pre-tax figure of £79m.

Additionally, the group’s average selling price has risen by 15% to £93,000.

The boost would be good news for finance director David Smith who has been group FD since last year. He was previously FD of the Beazer Homes division before being made a director of the board in 1995.

The Beazer Group completes around 7,700 homes a year. Its home construction divisions Beazer Homes and the more upmarket Charles Church Group build everything from one-bedroom terrace houses and apartments to five-bedroom homes. Subsidiary Partnership Homes builds social housing, and Torwood Homes makes timber frame units in Scotland. Beazer has been targeting markets in the South West, South East and North of England as well as the Midlands and Scotland.

Related Articles

5 key tech innovations helping accountants transform their businesses

Accounting Software 5 key tech innovations helping accountants transform their businesses

2w Heather Darnell, Founder of Ask the BOSS
Finance and the tech foundation: what’s needed to deliver impactful business insights?

Accounting Software Finance and the tech foundation: what’s needed to deliver impactful business insights?

3m Workday | Sponsored
Best accounting software for businesses in the UK

Accounting Software Best accounting software for businesses in the UK

3m Accountancy Age, Reporters
Making sense of enterprise tech concepts for finance teams

Accounting Software Making sense of enterprise tech concepts for finance teams

4m Workday | Sponsored
Open Banking: what you need to know

Accounting Software Open Banking: what you need to know

4m Edward Berks, Xero
Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

6m Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

10m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

10m Alia Shoaib, Reporter