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Henry Boot expects turnover boost

Henry Boot is expecting a boost in construction turnover for the year after reporting a “challenging but relatively stable” market.

The firm, which has divisions in land promotion, property development and investment, construction and plant hire, said Henry Boot Construction expects to marginally exceed budgeted turnover for 2012, despite “depressed” conditions.

It said it is hopeful of securing approximately 60 per cent of budgeted turnover for 2013 by the end of 2012.

However the company warned that it remains “cautious regarding the availability of traditional construction work, at an acceptable margin”.

It said social housing is providing a steady workflow. Civil engineering opportunities are “starting to flow” from its supply chain agreement on the 25 year Amey Sheffield Highways PFI scheme.

Banner Plant has seen a slow recovery in activity levels after a relatively subdued start to the year.

Henry Boot reported a good performance by land promotion business Hallam Land, with a record number of consented sites available for disposal from Banbury to Edinburgh.

The firm also has a strong of undecided applications in the system.

Its land portfolio has increased to 9,069 acres. Of this, 1,833 acres are owned, 3,513 acres are held under option and 3,723 acres are held under agency agreements.

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