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Year Ending 31st July, 2007
| |
2007 (£ mill.) |
2006 (£ mill.) |
| Turnover |
231.0 |
205.7 |
| Profit on ordinary activities
before tax |
10.5 |
10.1 |
| Shareholders Funds |
53.9 |
45.4 |
| |
|
|
| |
Number |
Number |
| Number of employees |
484 |
516 |
 |
Extract from the Chairmen’s Statement
"I am pleased to report that the Higgins Group has delivered record results for the 13th year in succession. Turnover increased by 12% to £231 million, profit before taxation has grown to £10.5 million and shareholders funds stood at £54 million at year end.
Higgins Homes PLC, the Group’s private housing arm, increased sales by 14% to £89 million. Despite some uncertainty in the financial markets, enquiries have held up since year end and we continue to draw purchasers by presenting homes of excellent design and specification in attractive locations.
Higgins Construction PLC has been selected to undertake a number of substantial new build and refurbishment contracts. The Higgins Group is able to undertake major mixed tenure estate regeneration schemes by combining the project management and construction expertise of Higgins Construction with the design flair and marketing skills of Higgins Homes.
The south east of England continues to provide the Higgins Group with a rapidly growing market for affordable housing – though the planning regime is frustrating an orderly throughput of projects. However the Directors remain confident that the Higgins Group’s impressive growth profile can continue under the direction of effective management and with a highly professional workforce."
- RG Higgins, ACIOB
30th October 2007
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