“We’ve got a very solid business so we can either carry on or make an acquisition.”
Westbury is one of a group of medium-sized housebuilders under pressure to consolidate through a merger or takeover. Other firms include Bellway, Bovis Homes and Prowting.
Cole made his comments as he posted a pre-tax profit of £71.1m for the year to 28 February, up 14% on 2001. Turnover increased 14% to £560m.
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