Cala Homes targets £1bn sales by 2020 after record profits
UPMARKET housebuilder Cala delivered a record number of house sales last year as part of a major expansion drive that will see it reach £1bn sales within five years.
The Edinburgh-based group, which builds high-end homes in affluent areas in the south of England as well as Scotland, said completions leapt by 34 per cent to 993 in the year to 30 June, with the average selling price rising to £509,000 from £423,000 in 2014.
As a result, pre-tax profits jumped by 90 per cent to £50.9m on revenues up 79 per cent to £511.6m.