A £100m buyout in 1999, led by executive chairman Geoff Ball and backed by nine other directors and Bank of Scotland, allowed Edinburgh’s Cala Group to shift the focus of its business as the housing boom in Scotland tailed off. Cala now comprises three businesses: Cala Homes, Cala Finance and Cala Properties. It estimates that its land bank with planning consent is valued at £763m. Sales in 2004 were £182.5m.
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