Avant Homes posts £3m loss

Avant Homes City Fields Modbury

Housebuilder’s 2021 accounts hit by cost of sale to Berkeley DeVeer, but show revenue returning to pre-covid level

Avant Homes fell to a £3m pre-tax loss in the year to April 2021, despite revenue recovering strongly from its covid-hit 2020 results.

The Chesterfield-based housebuilder, which was taken over by Yorkshire SME builder Berkeley DeVeer this year, built 1,921 homes in the period, up on the 1,759 built in the year to May 2020, and brought in revenue of £505m.

The revenue figure was up 13% on the year before and also above the pre-covid 2019 figure of £483m.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

 

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

  • Limited access to building.co.uk
  • Breaking industry news as it happens
  • Breaking, daily and weekly e-newsletters

Get your free guest access  SIGN UP TODAY

Gated access promo

Subscribe now for unlimited access

 

Subscribe to Building today and you will benefit from:

  • Unlimited access to all stories including expert analysis and comment from industry leaders
  • Our league tables, cost models and economics data
  • Our online archive of over 10,000 articles
  • Building magazine digital editions
  • Building magazine print editions
  • Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community