This Chesterfield housebuilder is on the rise again after a period of restructuring under the leadership of chief executive Colin Lewis, 61. This year, the group will deliver 1,636 homes, up 35% on 2016, with sales rising 45% to £369m. Profit more than doubled to £45m in the same period. In August, the group secured a £200m overdraft, which will be used to reach a target of building 2,000 homes a year, with sales rising to £500m in the next two years.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2017
Rank46
CompanyAvant Homes
ActivityHousebuilder
LocationChesterfield
Sales £m369
Operating profit £m45
Main shareholdersAlchemy Special Opportunities, Angelo Gordon and Avenue Capital (100%)
Staff588
Founded1992
Websitewww.avanthomes.co.uk

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda