Profit Track 100

Instead of competing with the biggest housebuilders for prime-quality greenfield land, Newland Homes acquires less attractive former industrial or derelict sites that it clears and cleans. Based in Cheltenham, the company typically builds three-storey terraced properties in southwest England for sale to private individuals and local councils. Rising house prices and an increase in the number of properties built have helped profits grow 50% a year from £1.7m in 2000 to £5.7m in 2003.

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
Rank87
CompanyNewland Homes
ActivityHousebuilder
LocationCheltenham
Annual profit growth49.83%
Latest profits £000s5,672
Latest sales £000s20,527
Staff96
Founded1991
Websitewww.newlandhomes.co.uk

If applicable:

* supplied by company † annualised figure