Profit Track 100

Morris Homes specialises in building flats and houses on brownfield land, with an average sale price last year of £180,000. It operates mainly in northwest England and the Midlands. In March 2004, managing director Mike Gaskell led its third management buyout in a deal worth £175m. Helped by the strong housing market, profits at Morris Homes rose 51% a year from £7.8m in 2001 to £26.7m in 2004.

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Company details
CompanyMorris Homes
Annual profit growth50.51%
Latest profits £000s26,661
Latest sales £000s141,556

If applicable:

* supplied by company † annualised figure