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Financial Information

Financial Information

The Annual General Meeting of the Croudace Homes Group took place on 18th April, coinciding with the release of the Annual Report and Accounts for 2017.

The Company reported another strong performance for its shareholders.  The reasonably settled housing market, helped by the strength of its excellent development locations throughout the South East, enabled the Group to deliver another healthy set of financial results with turnover and net profit at £182.0m and £17.5m respectively (before tax).

The net worth of the Croudace Homes Group rose by 9% to close the year at £143.6m.

Group Chief Executive, Russell Denness said: “Set against the backdrop of the UK economy and housing market showing clear signs of losing momentum, we achieved another creditable set of financial results with modest growth in turnover and profits.  We remain on track to meet our medium term aspirations for growth in build and sales volumes and looking ahead, whilst business conditions look far from certain, the Group is well placed in terms of land and finance to take opportunities for further expansion.

We were very pleased to see further independent recognition of our enduring high standards for safety, quality and customer service, the highlight being our sixth maximum 5 star rating in the HBF National New Homes Customer Satisfaction Award in as many years.  These awards place us in the upper echelons of the industry and reflect a culture ingrained within the Company at a time when the industry is coming under increased public scrutiny on these measures.”

Steve Thomas

Steve Thomas

Group Finance Director

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Annual Reports & Accounts

The following documents are in PDF format. To view and print them you must have a suitable PDF reader installed on your computer. One such reader is Adobe Acrobat which is freely available from Abobe's website.

Annual Report 2017
Annual Report 2017
Annual Report 2016
Annual Report 2016
Annual Report 2015
Annual Report 2015
Annual Report 2014
Annual Report 2014
Annual Report 2013
Annual Report 2013
Annual Report 2012
Annual Report 2012
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