Inland Homes trading in line as it explores new initiatives

Housebuilder and regeneration specialist Inland Homes updated the market on its trading on Tuesday, reporting that its strategy to focus on affordably priced, good quality homes in the South East of England, as well as partnership housing and land trading, was providing a platform for strong operational and financial performance during the rest of the financial year.

The AIM-traded firm, which was also holding its annual general meeting, said most recent initiatives - Rosewood Housing and Hugg Homes - would enable it to further reinforce its affordable housing offering, and capture additional value from its assets.

Both were expected to begin delivering recurring income later in the financial year.

The board confirmed the first five months of the current financial year had been in line with its expectations.

“The market remains supportive for Inland Homes, with healthy demand for affordably priced homes in the South East and a number of encouraging measures announced by the Government that should benefit us,” said chief executive officer Stephen Wicks.

“We have made progress in a number of areas across the business since announcing our full year results.

“We continue to leverage our specialist core development skills to secure planning consents across the portfolio, whilst devising innovative solutions to procure the best outcome for each site and exploring a range of new opportunities.”

Wicks said the investment the company had made in its house building operations had allowed it to “significantly increase” its construction output, whilst improving certainty of delivery and providing cost efficiency benefits.

“These areas together with the strong relationships we have in place with housing associations, local authorities and other stakeholders provides us with a sound business model for our future growth ambitions.”