Campion Homes has reported a doubling of annual turnover to a record £30 million following a good performance across its private and social housing divisions.
The family-owned Fife company is now run by managing director and former finance director Susan Jackson, daughter of founder Pete Bell.
Despite continued costs and contract pricing pressures across its key markets, the company has continued to drive efficiencies across the business with operating profit for the year to the end of June increasing to £2.6m.
Two developments were launched at Hawthorn Bank, Dunfermline and at Law View in Leven. With development continuing at Laurel Bank Springfield, 163 homes are being constructed across these sites.
In total across all sites 40 homes were completed during the year. The company also has a strong stream of affordable housing contracts with 291 homes under construction at the year-end.
Mr Bell, now executive chairman, said: “Campion Homes is in a very strong financial position with good performance across private and social housing divisions.
“Despite a competitive market environment, material price increases and economic uncertainty, the company has delivered a strong set of results.
“Furthermore, we have every confidence we can build on what has been an exceptional year. Our success can be attributed to robust relationships with trusted suppliers and customers and the dedication and hard work of our colleagues.”
Campion Homes recently announced details of a strengthened executive board with two new members – Ali Graham, surveying director who has 30 years’ experience as a chartered surveyor; and Dave Simpson, construction director, a chartered builder, also with more than 30 years’ experience and previously construction manager at Persimmon Homes.
The restructure comes as the business gears up to achieve its target to build 700 homes over the next five years.