UK build to rent focus takes Telford Homes revenue to record

FILE PHOTO: Construction works by Telford Homes in Stratford, east London, Britain April 18, 2016. REUTERS/Russell Boyce/File Photo - Copyright Russell Boyce(Reuters)

By Reuters

Published on 29/05/2019 - 10:34•Updated 19/04/2024 - 19:16

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(Reuters) - Telford Homes Plc on Wednesday posted record annual revenue as an increased focus on build to rent contracts helped it navigate a tough housing market in London that has squeezed margins and hit profit.

Total revenue for the year ended March 31 was 354.3 million pounds, compared with 316.2 million pounds a year earlier, the homebuilder said on Wednesday.