Strong year for house builder Bellway with sales increase

One of the UK’s largest house builders, Bellway, increased sales by 8.2% in the financial year ending July 31, a pre-close trading update published yesterday reveals

The group, whose headquarters are in Newcastle, sold 5,652 homes during the period, compared with 5,226 last year.

The average selling price increased by 3%, from £186,648 to around £193,000, meaning housing revenue is expected to be around £1,090m, an increase of around 12% from last year’s £975m.

At the end of the year, the group had net bank debt of only £6m and an order book strong enough to provide the board “with reason for optimism for future volume growth”.

Bellway has 15 divisions throughout the UK.


David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer