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Robert Woodhead to launch housebuilding arm

Midlands-based contractor Robert Woodhead has set its sights on building its own homes for the first time in twenty years.woodhead
The firm plans to start building its own homes for sale under its Woodhead Homes division later this year.

Revenue at the contractor increased 27 per cent to £51.8m for 2016, up from £40m in 2015, while profit rose to £1.1m from £854,000.
Mr Woodhead attributed the group’s solid performance to several “buoyant sectors”, including education and housing.

“There seems to be a commitment from government to build more council houses,” Mr Woodhead said.
Mr Woodhead added that the next four to five years will be “very strong” for the UK’s housing market, stating that the private housing sector will “continue on an even keel” despite the UK’s looming departure from the EU.

The contractor is also on Scape Group’s East Midlands Property Alliance framework, which will expire this year.
Mr Woodhead said his firm is planning to bid for the £1.4bn Midlands and East of England framework that will replace the existing EMPA deal.
Mr Woodhead said: “Over the last four years, the [EMPA framework] has attributed to our rise in turnover.
“We’ve grown with the framework. We’ve been successful on it and have delivered some fantastic schemes.”

The group is also planning to bid for the Education and Skills Funding Agency’s £8bn national construction framework.
He added that the firm’s reputation as a local business in the region meant it was ideally poised to deliver projects from £50k and £100k up to £5m.
Speaking on the upcoming general election, Mr Woodhead said he wanted the next government to “commit to long-term periods of work” and collaborate more with the construction industry.

Original link - Construction News