Bloor Homes has maintained a steady £1.2 billion turnover in its latest financial results but is now looking to counter the profit squeeze from rising overheads and supply chain pressures through new sales schemes.
For the year ended 30 June 2025, the Derbyshire-based housebuilder reported a 13.9 per cent drop in pre-tax profit to £179.1 million, compared to £208.1 million the previous year.
Operating profit also fell by more than a tenth to £185 million (FY2024: £214.1 million).
The family-owned company sold 3,643 plots during the year, reflecting a reduction in plot numbers from 4,004 in 2024, due to the proportion of social versus private housing sales.
And while overall net assets continued to grow to £1.6 billion (FY2024: £1.5 billion), cash reserves fell to £12.5 million (FY2024: £49.1 million).
Despite these challenges, Bloor Homes remains optimistic about the future, buoyed by improved mortgage availability and potential planning system reforms.
In response to market pressures, the company said it would continue to review costs across all its schemes, ensuring that work in progress aligns with forecast sales.
The company plans to explore both “privately led and government-backed sales schemes” to complement existing sales efforts and tap into “latent consumer demand”.
Additionally, the company launched its new premium range, Fitchett by Bloor Homes, which is expected to deliver its first completions in 2026.
An interim dividend of £32.6 million (FY2024: £15.7 million) was paid during the year.
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Bosses said: “Current market conditions remain challenging in the housebuilding industry with both inflation and interest rates eroding the disposable income of our customers, impacting immediate demand.
“Our cost of sales and overheads have also increased due to inflation and supply chain pressures.
“The Board is committed to controlling spend on sites to appropriate levels to ensure the work in progress levels are correlated with the forecast sales rate.”
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