Scottish housebuilder Springfield Properties has increased turnover by 22% to £111m for the year ended 31 May 2017 with profit before tax increased by 31% to £6.7m.
During the year, the Elgin-based firm built 437 homes, a year-on-year increase of 10% along with building their 4,000th home.
Sandy Adam, Executive Chairman of Springfield Properties, said: “I am pleased to report another year of strong growth, reaching the milestone of £100m revenue for the first time in our history. This has largely been due to the tremendous work carried out by each and every one of our 500 staff who have built high-quality and desirable affordable and private homes. We are also proud to have reached the key milestone of building our 4,000th home during the year.
“Looking ahead, we continue to drive controlled expansion, particularly with the affordable side of our business. Our target is to double turnover in affordable housing over the next two years. Significant progress was made in developing the five Springfield Villages and these will be the cornerstone of our future growth as we seek to deliver increasing numbers of homes.”