You are here: Home - News -

Barratt reports highest number of completions in a decade – results

  • 05/09/2018
  • 0
Barratt reports highest number of completions in a decade – results
Housebuilder Barratt reported the highest volumes in a decade in its final results for the year ended to June 2018.


The group said it completed 17,579 homes in the year to June, with an increase of 1.1% compared to 17,395 a year ago.

Profit before tax increased by 9.2% to £835.5m compared to £765.1m in the year ended to June 2017.

Revenue rose by 4.8% to £4,874.8m against £4,650.2m a year ago.

Forward sales are up 11.1%, as at 2 September 2018, at £3,054.0m compared to £2,749.9m the same period a year ago.

David Thomas, chief executive of Barratt Developments (pictured), said that the group has recorded another outstanding year with the highest volumes in a decade.

He added: “As the UK’s largest housebuilder we are helping to address the country’s housing shortage – creating jobs and supporting economic growth whilst continuing to lead the industry in quality and customer service.

“Our continued focus on operating efficiencies and margin initiatives is starting to deliver and we have today announced new medium term operational targets reflecting our confidence in the business going forward.

“The group starts the new financial year in a good position with a strong balance sheet, healthy forward sales and robust consumer demand supported by a positive mortgage environment.”


There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
A row of terraced houses overlooks a view of London
Housebuilder Berkeley warns over London property market

Berkeley has warned the London's housing market "lacked urgency", with the capital constrained by high transaction costs, limits on mortgage...