<p>Churchill Retirement has experienced a bounce back after suffering the effects of Covid-19 last year, with revenue up 75% on 2020 and the company announcing its aim to achieve 1,000 home sales per year.</p> <p>During its full year to June 30 2021, the retirement housebuilder’s total revenue grew to <span>£160 million from the £91.4 million of the same period last year. Unit sales were up 48% at 413 at an average selling price of £333,000 against 2020’s £319,000.</span></p> <p><span>Pre-tax profit recovered from last year’s loss of £11.3 million to £38.9 million. Operating profit rose to £43 million following a loss of £5.8 million. And Churchill saw an operating margin of 26.9% after 2020’s -6.4%.</span></p> <p><span>It said that for </span><span>most</span><span> of the year, it had focused its resources on “</span>protecting the welfare of our apartment owners, the safety of our colleagues, and the resilience of the business to protect jobs”. And thanks to the work of its lodge managers, the firm said that those living in its schemes had been three times less likely to catch Covid than those in the general population.</p> <p><span>Churchill said that the government’s stamp duty holiday had aided chain sales. It added that during its financial …