CALA Group has set a revenue target of £1 billion within five years after announcing record revenue and profits growth.
Total Group revenue for the year ended 30 June 2015 rose 79% to £511.6 million. Profit before tax was up a whopping 90% to £50.9 million.
The group said the record revenue was driven by an increase in home completions and their highest ever private average selling price of £509,000.
The profit increase was attributed to an “organic and acquisition growth strategy”.
Alan Brown, chief executive of CALA Group said, “This has been another outstanding year for CALA and the first full year of our new strategy, during which we have built on the strong momentum generated by the Group last year and recorded exceptional growth across all of our key metrics, delivering record revenues and profits, and improving return on capital employed whilst maintaining our clear focus on the premium segment of the home building market and our commitment to customer service.
“We are now operating from around 90 sites in eight regions around the country and are benefitting from this significantly increased presence, particularly in Southern England. This growth trajectory has led to us continuing our recruitment programme apace, welcoming 169 new members of staff to the business and stepping up our apprenticeship and graduate recruitment initiatives across the Group.
“Our focus now is on driving operational efficiency improvements throughout the Group which will in turn flow through to improved operating margins and return on capital employed as we target Group revenues of £1 billion within the next five years through the delivery of high quality, well designed, sustainable homes and communities in prime locations across the UK.”
