Developer building a new estate in Whittlsey publishes record figures
PUBLISHED: 10:02 15 August 2017 | UPDATED: 10:02 15 August 2017
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.