Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

24Feb94 UK: BELLWINCH RETURNS TO THE BLACK.

Bellwinch, the Wembley-based house builder which raised £6 million from shareholders last summer, has moved back into the black with a pre-tax profit of £274,000 in the half ending December (1992: £97,000 loss).The company raised its unit sales to 89, up by a half on the period last year, with an average selling price of £82,000. Turnover, which also includes some housing contracting work, rose to £8.5 million from £5.4 million.Chairman Ron King said the second half had started well with site visitors and net reservations at reasonable levels. He expects some improvement in demand during the early spring but little rise in house prices.The company says builders are pushing land prices up, although it has agreed terms to buy land for 500 units on 11 sites. CONSTRUCTION NEWS