Elgin and Larbert based house builder Springfield Properties announced they have topped a year of strong sales with a rise in profit of 19% to £4.1million in its latest financial year.
The firm said profits rose to £600,000 on the prior year, while turnover in the year to May 2014 increased to £74million from £47million.
Managing director Innes Smith said: “This has been an excellent year for us. Sales are up again, profits are up again and we made the final payment for the £50million business we acquired from Redrow in 2011.
“We believe our success comes from giving our customers what they want. We offer lots of choice and customers move into a complete home. This means including the turf, the carpets the dishwasher, the washing machine, the microwave, the mirrors – and everything else you’d expect in a modern new home; we included it all.
“This success has seen us strengthen our workforce, across all functions from architects to after sales, increasing it by 25% this year to over 420 people.
“The increase includes over 35 new apprentices and trainees taken on this year. Developing young people is important for our continued growth, so this year we launched our new apprenticeship scheme, Springboard. The scheme makes sure our young people get a broad experience of their discipline and a good understanding of what their work means to the business.”
Springfield said it anticipates even further growth in 2015, projecting turnover to rise to around £86million.
Company chairman, Sandy Adam, said:
“This has been another successful year for Springfield. We have excellent people working for us and it is because of their efforts, to look after our customers and generate sales, that we are successful.
“We have been busy buying land and now hold a strong land bank which is at various stages in the planning system. Two major developments in Dundee and Perth are on the near horizon, along with a number of other developments throughout Scotland.”
The house builder currently has 40 live developments across Scotland.
Councillors recently gave permission for the firm to build 178 houses and associated infrastructure on the outskirts of Nairn.
Originally established in Elgin in 1956, Springfield Properties is a family-led company.. Under the leadership of Mr Adam, grandson of the founder of Springfield, the company reports it has built over 3,500 homes since 1998.