High margin new private housing work has driven up profits for construction company William Davis. It has seen profits increase 24% a year, from £3.5m in 1997 to £6.7m in 2000, when sales reached £62.7m. Company secretary Anthony Lorrimer attributed this growth to the company’s exploitation of a stock of land bought during the property recession of the early 1990s to build new, larger homes, for which demand has been particularly strong. William Davis, which typically works within 70-miles of its Loughborough headquarters, has also been completing work on the prestigious £20m redevelopment of Leicester’s Bede Island, while continuing to work with Midlands housing associations. It appears on the Profit Track 100 for the second year.
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