Despite the downturn, Lambe maintained operations across its Birmingham and Derby offices, while consolidating pre-construction and commercial teams under group directors to improve efficiency.<\/p>\n
Cash at bank dropped to \u00a33.4m from \u00a38.3m, though the order book grew to \u00a3122m, up from \u00a395m. <\/p>\n
Managing director Michael Lambe forecast the firm would deliver record revenue this year as demand from the social housing sector strengthens.<\/p>\n
“We are seeing cautious yet promising signs of recovery in 2025, shaped by greater economic stability and the promise of
\npolicy reform. <\/p>\n
“The business has weathered the period of suppressed demand and slower build programmes in the private housing market and there are tentative signs of increased sales volumes buoyed by a steady decline in mortgage interest rates and the more stable macroeconomic environment.<\/p>\n
“We believe the revisions to the National Policy Framework including a return to mandatory housing targets and the introduction of the ‘grey belt’ will stimulate private housing delivery, albeit gradually.<\/p>\n
“Our strategic pivot towards social housing in recent years has helped revenues recover and the business expects
\nturnover to exceed \u00a3120m in the year ending October 2025.<\/p>\n
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