Crest reports strong trading and expansion plans “on track”

March 22, 2022
<p><span class="aa"><span>Crest Nicholson has reported a strong trading performance since the start of its financial year, with its expansion plans being “on track”.</span></span></p> <p><span class="aa"><span>Giving an update as part of its AGM, covering the period from November 1 2021 to March 21 2022, the housebuilder said that against “favourable” housing market conditions, it had achieved a private sales per outlet per week rate of </span></span><span class="y"><span>0.98 during the past eight weeks. At its year ending October 31 2021, its sales rate was 0.80.</span></span></p> <p><span class="y"><span>As of March 18, its order book was more than 84% covered for FY22 revenue. This is a climb from 63% as reported at its preliminary results in January. “This represents a strong forward order position, providing good visibility and confidence in meeting our revenue targets for the current financial year,” Crest said.</span></span></p> <p><span class="y"><span>As part of its expansion plans which “were progressing well”, the company said it had moved into its Leeds office, having appointed a regional director for its Yorkshire division. It is now establishing its new team in the region. It added that it had chosen the leader for its other new East Anglia division, due to begin in June, with this region …

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