{"id":6624,"date":"2025-07-16T07:47:07","date_gmt":"2025-07-16T07:47:07","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=6624"},"modified":"2025-07-16T07:47:07","modified_gmt":"2025-07-16T07:47:07","slug":"keepmoat-profit-drops-35-as-completions-slide","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/keepmoat-profit-drops-35-as-completions-slide\/","title":{"rendered":"Keepmoat profit drops 35% as completions slide"},"content":{"rendered":"<p data-start=\"170\" data-end=\"311\">Keepmoat saw pre-tax profit tumble nearly 35% to \u00a354m last year as it battled falling sales and a planning system still stuck in slow motion.<\/p>\n<p data-start=\"313\" data-end=\"458\">Revenue dropped 12% to \u00a3764m for the year to October 2024, as completions dropped 14% to 3,516 homes.<\/p>\n<p data-start=\"460\" data-end=\"647\">The average selling price crept up 2.8% to \u00a3217k as demand held up for the firm\u2019s affordable housing offer. But fewer outlets and sluggish planning approvals dragged overall volumes down.<\/p>\n<p data-start=\"460\" data-end=\"647\">\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"488802\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fjmclarkltd.co.uk%3Futm_source%3DDisplay%26utm_medium%3DMPU%26utm_campaign%3DConstruction%2BEnquirer%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/a4 magazine template (1200 x 1200 px) (300 x 250 px) (2).png\"\/><\/a><\/div>\n<\/div>\n<p data-start=\"649\" data-end=\"867\">Chief executive Tim Beale said the group\u2019s flexible multi-tenure model and long-term partnerships helped maintain progress on site, with 847 plots delivered through bulk deals with PRS and housing association partners.<\/p>\n<p data-start=\"869\" data-end=\"1017\">Despite the tougher market, Keepmoat expanded its forward land pipeline to over 24,400 plots\u2014up from 23,100\u2014representing around seven years\u2019 supply.<\/p>\n<p data-start=\"1019\" data-end=\"1213\">Beale backed the new Government\u2019s push for faster planning reform and affordable housing targets, calling Keepmoat \u201cperfectly aligned\u201d to deliver more homes on brownfield and regeneration sites.<\/p>\n<p data-start=\"1019\" data-end=\"1213\">\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"498213\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=https%3A%2F%2Fwww.ardenttide.co.uk%2Fcw%2FArticle-Seamless-Transition.html%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/atl-300-250.gif\"\/><\/a><\/div>\n<\/div>\n<p data-start=\"1019\" data-end=\"1213\">\n<div class=\"ad-mpu ad-mpu-inline\">\n<div class=\"sleeve\"><a data-ad-id=\"439734\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?url=http%3A%2F%2Fwww.intersteels.com%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\"><img decoding=\"async\" src=\"https:\/\/www.constructionenquirer.com\/wp-content\/uploads\/Retro-FitsteelspecialistsGIF-ezgif.com-resize.gif\"\/><\/a><\/div>\n<\/div>\n<p data-start=\"1019\" data-end=\"1213\">\n<p>from Construction Enquirer https:\/\/ift.tt\/3sIUZvz<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Keepmoat saw pre-tax profit tumble nearly 35% to \u00a354m last year as it battled falling sales and a planning system still stuck in slow motion. Revenue dropped 12% to \u00a3764m for the year to October 2024, as completions dropped 14% to 3,516 homes. The average selling price crept up 2.8% to \u00a3217k as demand held [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":156,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-6624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=6624"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6624\/revisions"}],"predecessor-version":[{"id":6625,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6624\/revisions\/6625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/148"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=6624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=6624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=6624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}