Dorchester based CG Fry, whose portfolio includes the 鈥榲illage鈥� of Poundbury, grew turnover 13% in 2021 to 拢108.4m (2020: 拢96.0m).
Profit before tax, was 拢11.7m (2020: 10.4m).
CG Fry & Son is owned and managed by 56-year-old Philp Fry, grandson of the founder of the company, Charles George Fry.
Group turnover in 2021 comprised 拢88.6m from developments and 拢19.8 from contracting, up from 拢81.0m and 拢14.9m respectively in 2020. During the year CG Frey completed 203 private homes with an average selling price of 拢362, 400 and 62 affordable homes.
Finance director Ludovic Blackburn reports in the company鈥檚 accounts: 鈥淭here was, and there continues to be, high demand for our contracting services and this growing side of the business has a reputation for delivering a quality product.鈥�
However, he added that while house price inflation had kept up with cost inflation in house-building activities, 鈥渋nflation is more difficult to manage for the contracting department because income is generally fixed in advance. We are therefore cautious with the terms of new contracts to mitigate costs and supply risk where we can.鈥�
He said: 鈥淐onstruction cost inflation is currently a concern. The company is managing this by looking at alternative specification, budgetary control, increasing supply chains and contract flexibility. The forthcoming changes in the building regulations will increase the cost of construction and this is being monitored carefully. 鈥�
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