Henry Boot reports "strong progress" in 2015

'‹Construction and property firm Henry Boot'‹ reported a year of strong progress and said all parts of the business performed well within a "solid" UK economy.

Henry Boot developed the former Terry's factory in York

The Sheffield-based group said pre-tax profit rose 14 per cent to £32.4m in 2015.

Chairman Jamie Boot said: "​The coming year should see us deliver more commercial development schemes than at any time in the company’s history.

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"Our portfolio covering strategic land, commercial development and construction projects, has never been larger or as far advanced in planning terms. The degree to which we have already achieved pre-lets, pre-sales and planning permissions gives us great confidence in our ability to deliver these schemes profitably and we are fully focused on this."

The group said its strategic land business is operating in stable market conditions.

"There is good demand for high quality residential sites from the strongly performing UK house builders, which is matched by a good supply of planning permissions," said Mr Boot.

In commercial property development, the group said that 2015 had seen several larger scale developments move to the delivery stage with the result it will begin to deliver a dozen projects with a gross development value of around £500m over a period of four years.

Over 90 per cent of these developments are pre-sold and almost all are pre-let.

In construction, the firm reported a strong performance from its plant hire operations.

​The group has increased its final dividend to 3.80p a share, giving a total for the year of 6.10p, an increase of 9 per cent.