Inland Homes has announced record turnover of £195m for the year, as it simultaneously slashes debt.
The housebuilder, brownfield developer and regeneration specialist said in a trading update that its improved performance was due to strong demand for its homes, with turnover for the housebuilding division more than doubling to £56m.
The group’s forward order book for partnership housing also increased by 56% to £165m. Fees from its asset management business were expected to be down from last year. The firm said it had knocked debt back by 20% to £118m.
Inland Homes’s preliminary results will be announced in January 2022.
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