Springfield Properties is "confident of meeting market expectations" for profitability and debt reduction for the full year to May, the housebuilder said today in its first-half trading update.
Springfield Properties
Springfield Properties has signed an agreement for the sale of approximately 11.2 acres of land for £8.7 million. The land, which equates to 85 plots, is fully owned by the group.
Listed housebuilder Springfield Properties has said it is confident of meeting market expectations for the year to May 31 2024 despite continued "uncertainty" in the market.
Housebuilder Springfield Properties plc has announced the sale of 45 acres of land for £4.2 million. The transaction, involving land equivalent to 190 plots, is part of Springfield's strategic effort to reduce its debt, which had risen to £67.7m by 31 May 2023, up from £38.1m the p
Springfield Properties has signed a new affordable housing contract, worth £6.1 million, with the Highland Council. The design and build phase of the contract is due to commence in the coming weeks and will be delivered over a period of approximately 18 months, with the Group receiving payment
Elgin-based housebuilder Springfield Properties has seen its share price take a hit after it suspended its dividend payments amid significant financial and housing market challenges. Despite having delivered the firm's "highest level of annual completions and revenue", with total revenue growing 29%
Springfield Properties has highlighted the "decisive action" taken to address build cost inflation and the "strong" fundamentals of the housing sector in Scotland as the housebuilder revealed it expects to record its highest ever annual revenue. In a trading update issued today, the g
Scottish housebuilder Springfield Properties has confirmed the appointment of Iain Logan as the company's chief financial officer. He has been serving as interim CFO since March 2023, bringing experience from his previous roles as finance director and group financial controller within the company.
The chairman of Springfield Properties has challenged Stirling Council on the "considerable delays" by planning officials to progress housing at Durieshill. Attending today’s Stirling Council meeting, Sandy Adam made a bold visual statement with an eight-foot figure of a sn
More than 1,000 people have joined a mailing list for Springfield Properties' Durieshill Village development, close to Stirling, as it approaches a milestone planning decision on 29 June.
The chief financial officer of Springfield Properties, Michelle Motion, has resigned with immediate effect, the housebuilder said today. The company said the board has commenced a search for a new CFO and will "update the market in due course".
Springfield Properties said it is taking a cautious approach to expectations of future sales rates after it warned higher interest rates and economic uncertainty is hitting demand for private homes.
Springfield Properties said today it has put all long-term fixed-price affordable housing contracts on hold and has temporarily suspended its expansion into the private rented sector (PRS) amid concern about market conditions and the Scottish Government's future rent freeze policy. Announcing otherw
Springfield Properties has submitted a planning application for a sustainable and innovative information centre and new show homes at Durieshill, Stirling. The village is one of Springfield’s largest developments and will see around 3,000 homes delivered over the next 30 years, creating a thri
(from left) Innes Smith (chief executive, Springfield); Sandy Adam (chairman, Springfield); Ross Mickel (group director, Mactaggart and Mickel) and Paul McAninch (group finance director, Mactaggart and Mickel) Springfield Properties has today confirmed a deal to acquire the Scottish houseb