Profit Track 100

When Cavanna Group was founded in 1923, the average house price in Britain was £377. The founder’s grandson Jeremy Cavanna now runs the company, which sells homes for up to £375,000 in southwest England, all within a two-hour drive of its base at Torquay in Devon. Profits at the company have grown 53% a year from £2.3m in 2000 to an annualised £8.2m in 2003, helped by the strong housing market and a switch to smaller developments with higher margins.

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
Year2005
Rank67
CompanyCavanna Group
ActivityHousebuilder
LocationTorquay
Annual profit growth52.86%
Latest profits £000s†8,183
Latest sales £000s†23,512
Staff68
Founded1923
Websitewww.cavanna.co.uk

If applicable:

* supplied by company † annualised figure