Developer building a new estate in Whittlsey publishes record figures

PUBLISHED: 10:02 15 August 2017 | UPDATED: 10:02 15 August 2017

Karl Hick, CEO of Larkfleet Homes

Karl Hick, CEO of Larkfleet Homes

Archant

Building firm Larkfleet Homes has published record results having built 399 homes in the last year, an 83 per cent increase on previous figures.

Financial turnover was almost £80 million, up from £49 million in 2016.

Larkfleet Homes is owned by Karl Hick and joint managing director Helen Hick, who locally, are developing the Whittlesey Green site on the outskirts of the town.

Karl Hick, chief executive officer of Larkfleet Homes, said: “The house building industry has been through some difficult years recently. “However, I am pleased to say that Larkfleet weathered the storms of the recession and we are rapidly expanding our activities.

“We are now building more houses on more sites than ever before.

“In all the places where we are active we are delivering high quality and energy-efficient new homes that will enable people to ‘get a foot on the property ladder’ and help to tackle the nation’s housing crisis.”

The core of its activity is in Cambridgeshire, Lincolnshire, Northamptonshire and Rutland.

However, it has recently extended with the launch of subsidiaries in Scotland, the South West of England and in Norfolk and Suffolk.

Larkfleet recently secured a £35 million loan from Cheyne Capital Management to finance its expansion plans.

The loan will enable Larkfleet to expand the company’s operations and invest in existing and new sites.

Larkfleet is among the UK’s top 50 house builders and has two major brands – Larkfleet Homes which builds timber-framed homes and Allison Homes which builds traditional ‘brick and block’ constructed homes.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ely Standard visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ely Standard staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ely Standard account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More news stories

Yesterday, 17:53

The county council says it will make the Traffic Commissioners aware of a major investigation being undertaken into the Fenland Association of Community Transport (FACT) when they decide on whether to allow them operator licences to run commercial services through new limited companies.

Yesterday, 11:32

A man familiar to people in and around Ely for dressing up as Father Christmas is hanging up his red jacket and white beard, having collected over £2,800 for East Anglia’s Children’s Hospices (EACH).

Yesterday, 18:26

‘Houston we have a problem’ admitted county councillor Bill Hunt, vice chairman of the county council highways and community infrastructure, when he offered a public apology today for the number of potholes across Cambridgeshire.

Yesterday, 14:54

Jean Herrema, artist, dressmaker and co-founder of a long-running Ely women’s group, has died aged 86.

Most read stories

Digital Edition

Image
Read the Ely Standard e-edition E-edition
HOT JOBS

Show Job Lists

Newsletter Sign Up

Sign up to receive our regular email newsletter