Doncaster homebuilder Keepmoat announces record results

Tim Beale, chief executive officer at Keepmoat, said: “The 2022 financial year saw Keepmoat deliver a record breaking financial performance, which is a remarkable achievement and one that I am personally extremely proud of.

“We delivered 3,776 much needed new homes across the UK, with a focus on our core first time buyer customer base, building high quality new homes at prices people can afford, in places they want to live.

The number of homes sold by Keepmoat marginally decreased in 2022 by 3.6 per cent, a drop from 3,915 the year prior.

Mr Beale went on to note that despite turmoil in the mortgage market towards the end of 2022, the firm had been able to secure additional delivery to Registered Providers and to the Private Rented Sector.

Average selling price for Keepmoat also increased by 14 per cent, rising to £204,000 from £179,000 the year prior.

The firm is currently working on developments across Yorkshire, in locations including Doncaster, Bradford, Hull, Sheffield and Leeds.

Mr Beale added: “Looking ahead I am optimistic, following a strengthening of reservations in the early part of 2023, that some confidence and stability has returned to the market.

“We have an excellent forward sales position, better even than this time last year.”

This January, the firm commenced construction at its Synergy housing development at Halton Moore, in Leeds, set to be built on an unused brownfield site.

Keepmoat also pledged to help the community through its Synergy development, with plans which aim to work with local schools and employment groups to recruit young people through apprenticeship schemes.

The project is set to create 109 new homes, and is the final site to be built as part of Leeds City Council’s Brownfield Land Programme, which aims to provide over 1,000 new homes in east Leeds across 13 housing developments.