In the year to 31st March 2018 United Living generated turnover of 拢240尘, up from 拢181尘 the previous year.
Earnings before interest, taxation, depreciation and amortisation (Ebitda) were up 13% to 拢10.7尘 (2017: 拢9.5尘), while cash balances have jumped from 拢7.2m to 拢20.6m. The order book stands at 拢800m.
Further growth is planned, with the setting up of United City Living is a new venture focused on the private rented sector (PRS).
Recent contract awards for United Living include a repair and maintenance framework with CityWest Homes to refurbish its assets in Westminster. It also works for Wolverhampton Homes and Clarion Housing Group.
In 2017-18 United Living built approximately 1,000 new homes and refurbished more than 7,500 properties across the country.聽 The company works with registered housing providers, local authorities and private developers.
Chief executive Ian Burnett said: 鈥淯nited Living has developed a solid reputation for providing an excellent service in both new build and refurbishment contracts. This is reflected in our growing number of clients; their repeat business; and our financial performance which is strengthening year-on-year.
鈥淲e鈥檙e forecasting growth to 拢275m for 2018-19 and have already secured more than 拢260m of these contracts.聽 We expect this will be bolstered further by our move into the UK鈥檚 PRS market, which has been driven by the success we鈥檝e seen working on a small number of private sector projects to date. The key however is to only work with customers who share similar values to ourselves. Our financial success comes from a stringent review of risk taking on projects and walking away from schemes when the balance is not acceptable.鈥�
|
聽United Living |
31/03/2018 |
31/03/2017 |
31/03/2016 |
31/03/2015 |
|
Ebitda |
拢10.7尘 |
拢9.5尘 |
拢5尘 |
拢2.3尘 |
|
Turnover |
拢240尘 |
拢181尘 |
拢221尘 |
拢124尘 |
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