02 September 2014 | 22:11:21

Login Register
?


Search our site
HomeMasonry First News ArchiveIndustry ProductsEventsCode for homesPresssustainabilityLinksAsk the ExpertResourcesLinksSelf Build Hub
 
 
LATEST NEWS
Redrow celebrates 40 years with record turnover and profits General

Redrow celebrates 40 years with record turnover and profits

02/09/2014 - 10:32:28
Berkeley sales back to normal levels in London General

Berkeley sales back to normal levels in London

01/09/2014 - 14:38:38
Rising private housing registrations offset fall in public sector homes General

Rising private housing registrations offset fall in public sector homes

29/08/2014 - 14:03:02
House builders warn of crisis as Scottish Help to Buy fund runs dry General

House builders warn of crisis as Scottish Help to Buy fund runs dry

28/08/2014 - 11:18:36
Housing starts growth shows signs of easing in second quarter General

Housing starts growth shows signs of easing in second quarter

21/08/2014 - 17:31:07

INDUSTRY HEADLINES

The UK’s largest brickmaker has developed a iPad and iPhone app for customers to match and select bricks
Click Here to See Details...
Creating Britains Future
Click Here to See Details...
Housing Design Awards 2012 Entry Information
Click Here to See Details...
Cut the VAT Campaign November 2011
Click Here to See Details...

BBC NEWS

Ashya's parents freed from prison

Tue, 02 Sep 2014 20:54:01 GMT
The parents of Ashya King are released from prison in Spain after UK prosecutors withdrew a European arrest warrant.

New child abuse victims come forward

Tue, 02 Sep 2014 19:23:54 GMT
Twelve new victims have come forward since a report found at least 1,400 children were abused in Rotherham, South Yorkshire's chief constable tells MPs.

Troll guilty over MP 'rape' tweets

Tue, 02 Sep 2014 17:26:50 GMT
A man is found guilty of bombarding a Labour MP with abusive messages on Twitter after she supported a feminist campaign.


BUILDING FIRES NEWS

Fires in timber-framed buildings within wall cavities and roof voids
Click Here...
Firefighters battle blaze on Green Island in Poole Harbour
Click Here...
Fire reveals dangers of terraced timber framed homes
Click Here...
Fire Performance of new residential buildings
Click Here...
Risk seminar press article
Click Here...
Fire in timber frame buildings A review of fire statistics from the UK and the USA
Click Here...
Fire safety report into timber-framed buildings get responses
Click Here...
Family flee home after heater starts fire
Click Here...
Elderly residents rescued from Inverness care home fire
Click Here...
Show more

Top Story
Redrow celebrates 40 years with record turnover and profits

House builder Redrow has embarked on a major expansion drive as housing sales soared over the year by 27% to 3,597.

The boom in completions in the year to June saw Redrow hire more than 230 directly employed staff, boosting its overall headcount by 21% to 1,346.

A 13% rise in average selling price to £239,500, also helped to lift turnover 43% to a record £864.5m and deliver record pre-tax profits for the group, nearly double that of the previous year at £132.6m.

As a result operating margin soared from 12% last time to 16% in 2014.
In November, Redrow celebrates 40 years since chairman Steve Morgan founded the business.

Since coming back from retirement five years ago he has presided over a 186% rise in turnover while large losses have become record profits.

The workforce has doubled and Redrow has regained its reputation as a 'premium' homebuilder with the Heritage Collection.

Morgan said: “While this is clear evidence of the success of our strategy it also shows the positive impact of the Government’s Help to Buy Scheme.

During the year 1,023 of Redrow’s private legal completions were under the Help to Buy scheme, most to first-time buyers and over half in the north of England.

Morgan added that new Mortgage Market Review rules had undoubtedly moderated the market, which has returned to a more seasonal pattern of activity.

“We have substantially increased our land bank, which should see a good growth in the number of outlets during the year.  This, combined with our strong order book, leaves me confident that the group will see another year of significant progress.”
He added that material and trade shortages drove like-for-like build cost increases of around 5% over the year.

Redrow’s London division made its first significant contribution, generating £124m of revenue in the year from 293 completions.

To further expand its presence in the south, Redrow opened a new West Country division in July operating from an office in Exeter to capitalise on the exceptional growth achieved in the South West.

This builds on the new Southern Counties division base in Camberley opened at the start of the financial year.

Net debt increased to £173m from £91m in 2013, due to running investment in land and work in progress.

As a result, Redrow's owned and contracted land bank at year-end stood at 16,724 plots, up 18% on last year.

The average plot cost has risen to £63,000 from £57,000 last year, primarily as a result of a higher percentage of land being in the south.  This figure represents 23% of our current average selling price, still broadly in line with previous years.

The Futures Group
New homes "Think Tank", The Futures Group, details how to rise to the challenge of delivering better homes for the consumer.
Contributors to The Futures Group include leading experts from national house builders, manufacturers and regulatory bodies.

Click here to read the report

Thermal Performance Part L1A 2013
Fabric and services options for energy and carbon compliance.

Thermal Performance Part L1A 2013, download the document here

EU and International Masonry News

www.concreteproducts.com

www.icsc.org

Environmental Product Declarations

REGISTER NOW ON MASONRYFIRST.COM


USEFUL PUBLICATIONS

Modern Masonry Alliance calls for an immediate Cut in Vat on Major Home Improvements
Click Here...
Tackling Fire A call for Action
Click Here...
Sustainable masonry construction explored
Click Here...
Rå Build Costing Factsheet 11
Click Here...
Important new guidance on 106 Projects
Click Here...

MASONRYFIRST.COM FOUNDER MEMBERS

Aggregate Industries
http://www.aggregate.com
Hanson
http://www.hanson.co.uk
H+H Ltd
http://www.hhcelcon.co.uk
Ibstock Brick
http://www.ibstock.com
Wienerberger Ltd
http://www.wienerberger.co.uk
Aircrete Products Association
http://www.aircrete.co.uk
Brick Development Association
http://www.brick.org.uk
British Precast
http://www.britishprecast.org
Concrete Block Association
http://www.cba-blocks.org.uk
Mortar Industy Association
http://www.mortar.org.uk
Home Builders Federation
http://www.hbf.co.uk
Builders Merchants Federation
http://www.bmf.org.uk/
Federation of Master Builders
http://www.fmb.org.uk/
Precast Flooring Federation
http://www.precastfloors.info/
United Kingdom Quality Ash Association
http://www.ukqaa.org.uk/
The Association of Brickwork Contractors
www.brickworkcontractors.info

 
Housing Summit 2014
Housing summit
Tuesday 21st October 2014
09.30 till 15.30

Keynote speakers include:
  • Sir Michael Lyons
  • Kate Hall, Head of HS2 at Arup

Find out more and register here


GREEN DEAL UPDATE


Find out more about the Government’s Green Deal and how it will work.
Click here for more info.


 Advertising campaigns

Built to Last 150 Years

AIMC4 Objectives


The AIMC4 project is developing homes that deliver to Code for Sustainable Homes Level 4 energy standards with a fabric-first solution.
Click here for more info.


Get Britain Building

 
Get Britain Building
 
 
Jobs and Growth
The portal promoting construction led recovery
More info...
 
     

Event Presentations

HBF Policy Conference 2011 downloads


ZERO CARBON HUB


The UK Government has set out an ambitious plan for all new homes to be zero carbon from 2016. The Zero Carbon Hub is here to help you understand the challenges, issues and opportunities involved in developing, building and marketing your low and zero carbon homes.
www.zerocarbonhub.org


H+H CELCON VIDEOS

Rå Build Method Video
Click Here to View...
H+H Thin-Joint System Video
Click Here to View...

 
 
  Contact MASONRYFIRST
Report a fault | Website content is copyright by MasonryFirst.com, its sponsors and partners | Privacy Policy