Land bank boost as Inland shows progress

Inland Homes has announced its results for the 15 month period ending September 30 2019, revealing revenue at £147.9 million (£147.4 million in the 12 months to June 30 2018 ) and profit before taxation at £25.0 million (12 months to June 30 2018: £19.3 million).

The firm achieved gross profit of £32.5 million (£31.8 million) and gross margin rose to 22.0% (21.6%).

Stephen Wicks, ceo at Inland Homes, said: “This has been a period of major progress, with strong momentum across the group. We now have our largest ever land bank, controlling more plots with planning permission than at any other time, as well as seeing a continued expansion in the number of homes and partnership homes we are building.

“At Inland, we operate a simple and adaptable model focused on maximising the value of land: we acquire land, either directly or on behalf of investors, in areas of high demand in the south and south east of England, add significant value by securing planning permissions and then generate further value through a mix of selling, building or providing turnkey solutions for partners.

“With the group growing in scale and reputation, we now have all the elements in …