Developer building a new estate in Whittlsey publishes record figures

PUBLISHED: 10:02 15 August 2017 | UPDATED: 10:02 15 August 2017

Karl Hick, CEO of Larkfleet Homes

Karl Hick, CEO of Larkfleet Homes

Archant

Building firm Larkfleet Homes has published record results having built 399 homes in the last year, an 83 per cent increase on previous figures.

Financial turnover was almost £80 million, up from £49 million in 2016.

Larkfleet Homes is owned by Karl Hick and joint managing director Helen Hick, who locally, are developing the Whittlesey Green site on the outskirts of the town.

Karl Hick, chief executive officer of Larkfleet Homes, said: “The house building industry has been through some difficult years recently. “However, I am pleased to say that Larkfleet weathered the storms of the recession and we are rapidly expanding our activities.

“We are now building more houses on more sites than ever before.

“In all the places where we are active we are delivering high quality and energy-efficient new homes that will enable people to ‘get a foot on the property ladder’ and help to tackle the nation’s housing crisis.”

The core of its activity is in Cambridgeshire, Lincolnshire, Northamptonshire and Rutland.

However, it has recently extended with the launch of subsidiaries in Scotland, the South West of England and in Norfolk and Suffolk.

Larkfleet recently secured a £35 million loan from Cheyne Capital Management to finance its expansion plans.

The loan will enable Larkfleet to expand the company’s operations and invest in existing and new sites.

Larkfleet is among the UK’s top 50 house builders and has two major brands – Larkfleet Homes which builds timber-framed homes and Allison Homes which builds traditional ‘brick and block’ constructed homes.

More news stories

An East Cambridgeshire man who was assaulted outside a Cambridge pub on Friday night has died in hospital.

Yesterday, 21:20

A Tory county councillor and former British diplomat is set to force a by election after only a year in office to take on a £100,000 directorship of the Cambridgeshire and Peterborough Combined Authority.

Yesterday, 23:23

A non-for-profit leisure trust has won a 15 year contract to run Fenland Council leisure centres in March, Wisbech, Whittlesey and Chatteris.

10:03

Members of The March Society and their guests took part in a “very informative” early evening stroll around the riverside, market and acre areas of March Conservation Area.

Most read stories

Show Job Lists

Show Job Lists

Digital Edition

Image
Read the Cambs Times e-edition E-edition

Newsletter Sign Up

Cambs Times weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy