Cala Homes has reported a 15% revenue increase to £587.1 million in its results for the year ended 30 June 2016.

The Group stated it was another "record" year of growth, with profit before tax rising 18% to £60.1m (2015: £50.9m) with its operating margin remaining at 14.3%.

In addition, Cala completed 16% more homes this year (1,151) compared with last year (993).

The company said 84% of its contracted landbank now has planning consent or adopted in a local plan, while 30 new sites it contracted this year are projected to deliver 2,683 homes with an estimated gross development value of £1 billion.


Alan Brown, Chief Executive of CALA Group, said the Group has experienced "positive" trading in the 13 weeks since the EU referendum results, although it is still "early days".

"2016 has been another record year with profits topping £60m for the first time in the Group's history," he said.

"Despite headwinds in some of our markets, we have continued to build on the strong momentum we have generated over recent years, once again delivering robust volume and revenue growth while still achieving incremental improvements in our return on capital employed.

"Our growth strategy remains to focus on driving operational efficiency improvements throughout the Group as we continue scaling up our divisions. Alongside this, we continue to invest in building the size and capability of our teams, welcoming almost 100 additional members of staff to the business including our ongoing increase of apprenticeship and graduate recruitment initiatives across the Group.

"Overall, we remain on course to deliver an annual capacity of 2,000 to 2,500 units within the next four years through delivering premium quality, well designed homes and communities in prime locations across the UK."

(LM/CD)