Countryside “on track” for full year

July 22, 2021
<p><span class="an"><span>Countryside’s revenue grew significantly in its </span></span><span class="an"><span>third quarter</span></span><span class="an"><span> against the equivalent period last year, with completions above pre-pandemic levels.</span></span></p> <p><span class="an"><span>Issuing a trading update for the 13-week period from April 1 to June 30 2021, the mixed-tenure developer reported that total completions were up 144% to 1,096 homes against Q3 2020 when the industry was impacted by the first national lockdown. In its </span></span><span class="an"><span>third quarter</span></span><span class="an"><span> in 2019, the business completed </span></span><span>1,055 homes.</span></p> <p><span>Adjusted revenue in Q3 2021 rose <span class="an"><span>184% to £287 million against </span><span>Q3</span><span> 2020. </span><span>During the three months,</span><span> Countryside’s net reservation rate increased 53% to 0.81.</span></span></span></p> <p><span class="an"><span>In its year to date, Countryside has completed </span></span><span class="aj"><span>a total of 3,686 homes, up 36% on the comparable period the previous year.</span></span></p> <p><span class="aj"><span>It added that at the end of the quarter, it was active on a total of 114 sites, down on Q3 2020’s 131. Countryside blamed this on delays to site starts, “largely driven by planning taking longer than usual”. </span></span></p> <p><span class="aj"><span>As of the end of June, Countryside’s </span></span><span class="an"><span>total forward order book stood at £1.2 billion. This is in line with the position at its half year. It said it was …

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