Member Article

Revenues rise 23% to £2.6 billion for North East housebuilder Persimmon

North East housebuilder Persimmon has reported a strong trading update for 2014 and expects developments to continue in the new year.

John Eynon, deputy managing director of Persimmon Homes North East, attributed the strong performance in 2014 as a real team effort, expressing his delight with the company’s most recent results.

The company reported a national increase of 17% in legal completions in 2014 to 13,509, up from 11,528 in 2013.

Average selling price rose 5% from £180,941 to £190,500 and full year revenues increased 23% over 2013 to £2.6 billion.

Persimmon will open a number of sites throughout 2015 in Wallsend, Bedlington, Cramlington and Amble. Further phases of new housing will also be built at Newcastle Great Park and at Westerhope.

Mr Eynon said: “Our focus is now on continuing to deliver new homes into the communities where they are most needed.

“2014 was extremely busy for us, with our teams selling right up to the end of the year. We’re expecting another strong start to 2015 with many properties already reserved and forward sold.

“We have new developments launching throughout 2015 and will be working closely with local authorities to ensure planning issues don’t slow the pathway to delivering new communities.

“2015 looks set to be another busy year for our team and our focus will be on delivering homes into the communities that desperately need them.”

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