The Annual General Meeting of the Croudace Homes Group took place on 14th April, coinciding with the release of the Annual Report and Accounts for 2015.
Once again, the Company reported a strong performance for its shareholders. The continuing recovery of the housing market, backed by the strength of its excellent development locations, enabled the Group to deliver another healthy set of financial results with turnover at £140m and net profit at £14.4m (before tax).
At the year end, the net worth of the Croudace Homes Group increased by 8% to £121m.
Group Chief Executive, Russell Denness said: “The Group has achieved another strong set of financial results, eclipsed only by the progress made in preparation for a period of sustained growth in the business over the next few years. The social and economic consequences of the current housing shortage are now widely recognised, and Croudace intends to play its part in meeting the demand this places upon national housing production.
This was coupled with further independent recognition of consistently high standards for safety and quality, securing our 36th consecutive British Safety Council Award and another maximum 5 Star rating in the HBF National New Homes Customer Satisfaction Award, the fourth in the four years that Croudace has participated in the scheme. These awards place us in the upper echelons of the industry and reflect a culture ingrained within the Company.
Croudace is also an enthusiastic member of the 5% Club, whose aim is to provide greater opportunity and training for young people working in the construction industry. I am pleased to report that against this measure 12% of our direct workforce comprises graduates, undergraduates, apprentices and school leavers.”
Group Finance Director
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