London housebuilder Telford set to beat profit forecasts

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What housing slowdown?

London-focused housebuilder Telford Homes says it is preparing to announce record revenues and profits for the year ending in March, slightly ahead of market expectations.

The company, which is due to release results at the end of May, says it’s also “on track” for over £40m in pre-tax profits in the year to next March, with over 80 per cent of the gross profit for that year already secured.

It says:

In the last few months the non-prime London housing market has remained robust, despite economic and political uncertainty, underpinned by a chronic imbalance between the supply and demand for new homes, particularly at the Group’s typical price point.

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