Henry Boot, the land promotion, property investment and development company, said it was well-positioned for a market recovery after delivering a “resilient performance” over the last financial year.
It recorded a 5.3 per cent increase in revenue to £359.4m in the year ended December 31 2023, which it said was driven by land disposals, property development and housing completions. The profit before tax was £37.3m, compared with £45.6m the previous year, which Henry Boot said was in line with market expectations “and supported by our focus on high quality land and development in prime locations”.
” Tim Roberts, Chief Executive Officer, commented: 'Our focus on high quality land, commercial property development and housebuilding in prime locations meant that demand for our premium products remained resilient and allowed Henry Boot to perform relatively well against a backdrop of a slowing economy, rising interest rates, high inflation and decreasing volumes in our key markets.
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