Monmouthshire posts record £7.8m profit driven by ‘ buoyant’ housing market
Monmouthshire posts record £7.8m profit driven by ‘ buoyant’ housing market
Abstract
The Newport-based mutual says total assets grew by £101m over the past 12 months. It added that total mortgage assets had lifted to £1.2bn over the same period. Monmouthshire Building Society posted a pre-tax profit of $1.6m a year ago. The firm posted apre-tax Profit of £1,000 a year last year.
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The Newport-based mutual says total assets grew by £101m over the past 12 months to £1.4bn. It added that total mortgage assets had lifted to £1.2bn over the same period. The firm posted a pre-tax profit of £1.6m a year ago.
Monmouthshire Building Society chief executive Will Carroll says: “Our strategic focus has enabled us to evaluate and respond to challenges with a robust approach. This has contributed to successes across our product range, including...
The Newport-based mutual says total assets grew by £101m over the past 12 months to £1.4bn. It added that total mortgage assets had lifted to £1.2bn over the same period. The firm posted a pre-tax profit of £1.6m a year ago.
Monmouthshire Building Society chief executive Will Carroll says: “Our strategic focus has enabled us to evaluate and respond to challenges with a robust approach. This has contributed to successes across our product range, including...
The business, which bought specialist lender Fleet Mortgages for £50m in cash and shares last July, says its lending jumped as a result of the acquisition.
It says customer loans lifted by 45% to £3.3bn “mostly as a direct result of new mortgage lending” which was offset by reductions in small business lending under the government-backed bounce back loan scheme and coronavirus business interruption loan scheme pandemic programmes as firms began making re...
The business, which bought specialist lender Fleet Mortgages for £50m in cash and shares last July, says its lending jumped as a result of the acquisition.
It says customer loans lifted by 45% to £3.3bn “mostly as a direct result of new mortgage lending” which was offset by reductions in small business lending under the government-backed bounce back loan scheme and coronavirus business interruption loan scheme pandemic programmes as firms began making re...
Amid an economic climate that has many businesses grappling with uncertainty, contech firms continue to draw investors, as demonstrated by London-based Disperse, which announced Tuesday that it has raised $16 million in new funding. Disperse is an AI-driven construction platform that can track jobsite progress and issue warnings about potential rework using photographs. The company’s funding round was led by London-based venture capital firm 2150. Other participants included existing investor...
Amid an economic climate that has many businesses grappling with uncertainty, contech firms continue to draw investors, as demonstrated by London-based Disperse, which announced Tuesday that it has raised $16 million in new funding. Disperse is an AI-driven construction platform that can track jobsite progress and issue warnings about potential rework using photographs. The company’s funding round was led by London-based venture capital firm 2150. Other participants included existing investor...
Mace Group more than doubled pre-tax profit to a record £38m last year from £17m in 2021 as revenue rose 12% to £1.93bn. The improved performance marked Mace’s 31st consecutive year of profitability since being founded. Chief executive Mark Reynolds predicted this year revenue would top £2bn putting Mace on track to reach 3bn by 2026. Despite project timescales being impacted by Covid-19, the contracting arm drove growth in revenue and profits contributing £1.5bn or 76% of group revenue...
Mace Group more than doubled pre-tax profit to a record £38m last year from £17m in 2021 as revenue rose 12% to £1.93bn. The improved performance marked Mace’s 31st consecutive year of profitability since being founded. Chief executive Mark Reynolds predicted this year revenue would top £2bn putting Mace on track to reach 3bn by 2026. Despite project timescales being impacted by Covid-19, the contracting arm drove growth in revenue and profits contributing £1.5bn or 76% of group revenue...
Pricing is heavily influenced by product and security information searches. Prior to the development of personal computers, tracking information searches by customers or investors was difficult, and traditional surveys were the only way to learn about people's purchasing intentions. However, over the last two decades, internet search engines have developed as a key source of such data. Google began distributing internet search data to the public in 2008 through a service called "Insights for Sea...
Pricing is heavily influenced by product and security information searches. Prior to the development of personal computers, tracking information searches by customers or investors was difficult, and traditional surveys were the only way to learn about people's purchasing intentions. However, over the last two decades, internet search engines have developed as a key source of such data. Google began distributing internet search data to the public in 2008 through a service called "Insights for Sea...
High demand and an extreme lack of housing supply are driving the sharply rising prices.
High demand and an extreme lack of housing supply are driving the sharply rising prices.
Over the period to June, Henry Boot raised revenue 12% to £144m, generating a 68% uplift in pre-tax profit to £39m, due mainly to strong residential land sales and industrial development activity. The construction arm also enjoyed a good start to the year with revenue ahead by over a fifth at £67m and trading profit up nearly a half to £6.3m. Boot said virtually all of this year’s construction order book has fixed price orders placed or contractual inflation clauses. Tim Roberts, chief e...
Over the period to June, Henry Boot raised revenue 12% to £144m, generating a 68% uplift in pre-tax profit to £39m, due mainly to strong residential land sales and industrial development activity. The construction arm also enjoyed a good start to the year with revenue ahead by over a fifth at £67m and trading profit up nearly a half to £6.3m. Boot said virtually all of this year’s construction order book has fixed price orders placed or contractual inflation clauses. Tim Roberts, chief e...
The firm – which provides personal and commercial mortgages, bridging loans and development finance across the UK – says its May lending is an 8% increase on its previous record of £277million set in April.
Together commercial chief executive Marc Goldberg says the new record was due to a “fantastically strong” performance of sales channels across the group during the period.
He adds that its volume of deals dramatically increased across the period, h...
The firm – which provides personal and commercial mortgages, bridging loans and development finance across the UK – says its May lending is an 8% increase on its previous record of £277million set in April.
Together commercial chief executive Marc Goldberg says the new record was due to a “fantastically strong” performance of sales channels across the group during the period.
He adds that its volume of deals dramatically increased across the period, h...
The group, which also owns estate agent Connells, says its mortgages and savings unit saw pre-tax profit jump by 48% to £128.3m in the six months to the end of 30 June, “due principally to increases in net interest income and improved interest margins”.
In May, the mutual posted its highest ever month for mortgage applications, totalling £1.1bn. It also approved mortgages to 6,200 first-time buyers during the half year and extended its shared ownership o...
The group, which also owns estate agent Connells, says its mortgages and savings unit saw pre-tax profit jump by 48% to £128.3m in the six months to the end of 30 June, “due principally to increases in net interest income and improved interest margins”.
In May, the mutual posted its highest ever month for mortgage applications, totalling £1.1bn. It also approved mortgages to 6,200 first-time buyers during the half year and extended its shared ownership o...