The Courier & Advertiser (Perth and Perthshire Edition)
Strong sales increase for Dunfermline housebuilder
CAMPION HOMES: Company has four housing developments under way in Fife
Fife housebuilder Campion Homes grew its sales by more than £2 million last year as it completed more than 250 homes.
Newly-filed company accounts reveal the Dunfermline-based firm’s turnover increased by 7% to £32.6m for the year ending June 30.
Pre-tax profits rose by £22,000 to £2.4m during the period.
As well as completing 202 units for local authorities and housing associations, 56 homes for private sale were made during the year.
Campion currently has four developments in Fife – Laurel Bank in Springfield, Hawthorn Bank in Dunfermline, Law View in Leven and Bryony Meadow in Dairsie.
In her strategic report, joint managing director Susan Jackson, who was promoted from finance director in September 2017, said the results reflected a continuation of the strong trading experienced in 2017.
She said: “In the coming year the company will continue to focus on progressing its established private developments, work to secure land for future developments and combine this with its strong pipeline of work within the social housing sector.”
At the end of the financial year, Campion had a further 230 homes under construction for housing association and local authority clients.
It had also secured 19 sales for private buyers going into the current financial year which the company said provided a “strong base”.
The company said it had invested “significantly” in an enterprise resource planning software system to drive efficiencies.
It also has a policy of investing in staff and recruiting locally where possible.
Staff levels increased from an average of 109 to 130 people during the year, leading to wage and pension costs increasing by £1m to £5m.
Profit and loss reserves increased from £4.7m to £6.1m.
Mrs Jackson said: “The company works hard to maintain its strong relationships with a number of housing associations and local authorities whilst actively working on expanding its client base.”
She added: “Despite recent economic uncertainties, the company carefully monitors demand within the private housing division.
“The board continuously consider economic risk within this market and remain flexible to adapt plans if required.”
The company is 99.9% controlled by company founder Peter Bell, who holds the executive chairman role.