Prowting sells more for less
Article Abstract:
Prowting, a house building firm that operates in the South of England made a loss in the year to Feb 1992 but hopes to return to profitability in the half yr to Oct 92. Managing director, Terry Roydon claims house sales have risen by 10% but prices have fallen. He is optimistic about the long term strength of the house market in the South and the capability of his firm to benefit. Prowting has a large landbank with plots in desirable locations. Roydon is pressing for the government to increase incentives for people to mave house.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Persimmon picks plum purchases
Article Abstract:
Specialist house builder, Persimmon PLC is doing well despite the slow housing market. Persimmon has a long and relatively cheap land bank and is adept at acquiring land in good positions and obtaining planning permission. Persimmon claims to pay the highest directors' salaries in the UK house building industry and believes this encourages high performance. The company expects to achieve its target of 2,500 sales in 1992-3 and to increase profits by about five million pounds sterling.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Wilcon ready for spring action
Article Abstract:
Housebuilder, Wilson (Connolly) is a conservatively run comapany which is well positioned to benefit from the expected recovery in the housing market. Managing director, Ian Black predicts the upturn will begin in the spring of 1993 and argues that his company is in a better position than larger competitors as it has land and finance in hand. However, the company's house building divisions expect sales in 1992 only to equal those of 1991 due to the rising trend in unemployment.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Telemarketing boosts response for security camera system. Phone alerts increase customer satisfaction. Inova mailers take response to heart
- Abstracts: GAO: USPS reporting getting worse. Reform set for debate on house, Senate floors. Mailers already eye bigger '07 hike
- Abstracts: Embracing nostalgia can be deadly. Sharing information. What it's like to walk in brown shoes
- Abstracts: Understanding options makes retailers more profitable. Oklahoma retailers find their niche. The price depends on your homework
- Abstracts: Convoluted excuses at Canary Wharf. Lesson for subbies on Canary Wharf. Nasty, brutish and short