Soaring profit report for Moray house builder

Innes Smith -
Innes Smith – Springfield MD says profit growth ‘bodes well for future’.

ELGIN BASED HOUSE BUILDING Springfield Properties has reported record profits of £5.1million – a rise of 64% on the previous year.

Name Scottish House Builder of the Year three times, Springfield saw their revenue rise by 8% to £91million – with sales rising 4%.

The company has attributed its impressive profit growth to greater sales as more customers take advantage of their distinctive marketing proposition – which includes a choice of room colours as well as customised kitchens and bathrooms.

Managing director Innes Smith said: “Our success this year bodes well for future profit growth which will be sustained with more new sites coming out of planning and into production.

“Next year we will begin building on a 3500 home village in Perth, a 750 home development in Dundee and a 2000 home village in Elgin. We are progressing planning for a 2500 home village near Stirling and a further 800 home development at the Wisp, Edinburgh.

“Springfield has reported a profit and growth in every year of trading. This will continue next year, with turnover rising to £100million as increasing success drives the business forward.

“We are delighted to have recently secured a two-year funding package from our bank to deliver these opportunities.”

The company directly employs 450 people while over 1000 work exclusively on their projects every day – while around 20% of the Springfield workforce are in apprentice or trainee roles.

With offices in Elgin and Larbert, the company, who are led by founder and main shareholder Sandy Adam, now builds over 500 homes each year.

To find out more about Springfield Properties visit the company website.

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