United Living returns to profit
UNITED Living Group, which has a North regional office in Altrincham, Greater Manchester, has reported a turnover of £243m and a profit after tax of £2.1m for the 12 months ending March 31.
Significantly this marks a return to profitability for the group, which was officially launched in April this year, following the September 2014 merger of Bullock Construction and United House.
The group has a robust growth strategy to increase turnover to £500m a year within five years and is already working on new build and refurbishment projects in Fazakerley, Liverpool, and at Nesfield Road, Bideford Road and Daine Avenue in Wythenshawe, Manchester.
To support its growth ambition across the UK, it has secured projects worth in excess of £230m in 2015/16 and strengthened its executive management team with a number of new appointments in 2015.
It is delivering a wide range of projects from multi-million pound mixed-use developments in the heart of London and across the UK, to longer term partnerships delivering refurbishment projects.
Chief executive Ian Burnett said: “Our performance over the past year has been a huge accomplishment, especially given the well documented challenges that have faced the wider market.
“Under our renewed leadership and through the efforts of United Living staff across the region and the country, we’ve listened to our customers and reacted by reviewing and diversifying our business model. I’m pleased to see the result of this has been that the newly formed Group has returned to profitability.”
