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DECEMBER News brief...


ACCREDITATION Miller Homes East Midlands is celebrating after eight of its site managers have become NHBC (National Housebuilding Council) Accredited. The successful eight were presented with their accreditation awards by Richard Hartshorn, NHBC's director for the east region at Miller Homes East Midlands’ headquarters at Pride Park in Derby. The awards recognise the completion of an extensive online assessment through NHBC’s Learning Hub.


GREEN MUSCLES Sustainable design and innovation in the construction sector has been recognised at the 2011 CIWM Awards for Environmental Excellence. Hosted in November by Alistair McGowan at the Marriott London Grosvenor Square Hotel, the awards recognised and rewarded companies that have introduced successful measures to reduce their environmental impact. Balfour Beatty Plant & Fleet Services scooped the Sustainable Product Development of the Year award, whilst the Sustainable Construction & Demolition Project of the Year prize went to John Sisk & Son Ltd. Of the awards, said CIWM chief executive Steve Lee said: “Waste is an important issue for the construction sector, both in terms of improving its sustainability credentials and reducing costs through both waste prevention and improved waste management and recycling practices.”

Bovis’ future is bright Figures are up for the housebuilder as

it releases its interim report Bovis Homes Group PLC has released its interim report for the period from 1 July 2011, revealing figures to be up on last year.


et private reservations achieved in the 44 weeks to 4 November

were 1,480, an impressive 22 per cent improvement on last year's statement. Bovis credits this

improvement to the increase in the average number of active Bovis Homes sales outlets, as these are up 10 per cent on the same period in 2010. An improvement has also been seen

in the net reservations per site per week, with an 11 per cent increase to 0.47 from 2010’s 0.42. In the 10 week period since

the announcement was made, the Group has gone from strength to strength with a further 393 net private reservations achieved, and visitors in the same period increasing by 40 per cent. In addition, four more sales outlets are scheduled to launch by the end of the year. This will bring the amount of new sales outlets launched this year to 33, with around 80 active sales outlets in total projected to be in operation by 31st December 2011.

Looking forward, Bovis has

continued to make practical provisions for the future, investing good quality land on which hurdle rate gross margin and ROCHE can be delivered based on current sales prices, build costs and sales rates. The group has also acquired around 900 consented plots on eight sites in the second half of 2011, bringing the total added in the year to date to around 2, 500 consented plots across 17 sites, manly located in the south of England. As of the statement, net debt

was £31 million. However, given the phasing of housing

Taylor Wimpey performs ‘in line’

In their Interim Management Statement dated the 7 November, housebuilder Taylor Wimpey has said that the business is performing

“in line” with their expectations. In the statement, which

runs from the 4 July to the 7 November, Taylor Wimpey say they have approved the purchase of 3,793 new plots on 36 new sites since the half year. But, despite seeing “attractive opportunities in the land market”, are going to maintain their “consistent, disciplined approach to land acquisition” in order to

improve the quality of what is already residing in their land bank. Also according the

statement, net debt was £261 million as of 30 September, but the housebuilder expects this to reduce by the year end in line with the normal seasonal pattern of home completions in the UK. As Taylor Wimpey had

previously announced, they bought back £82.4m of their

4 | British Builder & Developer |

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