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Bigger homes with gardens and offices drive record revenue at housebuilder Springfield Properties

By Karen Peattie LARGER properties with gardens and space for home offices in its “village” developments have driven growth at Elgin-based housebuilder Springfield Properties with revenue for the full year revenue expected to grow by 49 per cent to about £215 million, a record for the group and in line with recently upgraded market expectations. The company, in a trading update for the year ending May 31, 2021, ahead of announcing its final results in September, said it anticipated a “substantial increase” in pre-tax profit. Net debt reduced to about £21m at year end, a £50m reduction compared with £71m at the same time last year.

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