Published: 00:00, 11 October 2017 |
Updated: 15:01, 11 October 2017
A privately-owned housebuilder has produced another rock solid set of annual results as pre-tax profits increased 71% to £4.9 million.
Chartway Group, based in Coxheath, near Maidstone, boosted turnover by 56% to £68.5 million in the year to the end of May, its latest accounts show.
The figures stacked-up with the help of a civil engineering company it launched earlier this year and the growth of its Westerhill Homes private development brand.
The firm, which employs more than 140 people, said demand for housing had outweighed any uncertainty in the economy and allowed it to sign a raft of long-term deals.
Its most recent projects include the redevelopment of the former Ashford College site in Jemmett Road, a lakeside village at Conningbrook Country Park in Ashford and the redevelopment of two plots on Rochester’s Corporation Street.
Co-founder and managing director Ian Savage said the firm had “secured another strong order book”.
He said: “We anticipate further growth over the year ahead, building on our strong client base to secure sustained growth for the company.
“Although there is still uncertainty about the full impact of Brexit on the UK construction industry, there is a demand for housing which we have capitalised on by securing a number of long-term build contracts.”
The business, which was founded in 2009, grew in its early days with a number of contracts with housing associations and has twice been named in the London Stock Exchange 1000 Companies to Inspire Britain report.
It has appeared four times in the KM Group’s MegaGrowth 50 list of the fastest-growing private companies in Kent.
This year’s list will be revealed at a breakfast presentation on November 1 and in the next print edition of Kent Business out in the Kent Messenger and Medway Messenger the day after.
Every morning at 10am we play you an hour of tunes from the 90s. We call it, #WeLoveThe90s.
Play 'Say It' with Garry and Laura on kmfm Breakfast and you could win £1,000!
Wake up to kmfm Breakfast with Garry and Laura - it's Kent's alarm call.
Your No1 guide to getting married in Kent. From dresses to discos and venues to veils, we've got everything you could possibly need for your big day
Education, Training & Childcare is a special supplement published by KM Media Group four times a year. Click here for latest e-edition.
A guide for your future. For year 11 students in Kent and Medway. Click here for the e-edition.
Get the latest food and drink news, recipes from some of the nation's top chefs plus updates from Kent's vineyards and breweries.
Search in your local area to find your perfect partner in Kent, with FreshStart Dating!
PLUS, register for free!.
Read our pick of the best holiday destinations. Whether its a weekend break, or something a little bit longer, we have reviewed a wide range of holidays.