Robust results for Deeside Timberframe owner

Turnover at the independent, Aberdeenshire housebuilder and construction group increased by 34% from £69m, in the previous financial year, to £92m this year. 

The group reported pre-tax profits of £780,000 for the year, up from £151,000 in 2018. This is the third consecutive year of improvement in profits across all the businesses.

Bancon Homes has again almost doubled unit sales and opened three new developments, which will underpin activity in the year ahead and provide a balanced portfolio of current and future developments.

Deeside Timberframe has capitalised on strong market demand and its wider geographical spread. As a result, the timber frame manufacturer has delivered a record turnover of £30m.

Meanwhile, trading performance at Bancon Construction has continued to improve following the strategy put in place by new management to pursue more profitable work with a focus on margins and cost control.

“Successful delivery of our long-term strategic plan has enabled us to achieve these positive results,” said John Irvine, chief executive of Bancon Group.

“Our homes business has performed very well in what continues to be a challenging market in the north-east. A strong start to the current financial year with forward reservations and sales rates ahead of this period in the previous year, mean we are on-track to achieve a significant increase in profitability.

“The outlook is equally positive for our timber frame business which, as well as benefiting from increased demand, boasts high levels of repeat business from existing customers. With a strong, forward order book, we are confident in continuing this positive position.”