Springfield Properties

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

The corporate finance team of chartered accountants and business advisers Johnston Carmichael has recently supported Springfield Properties plc with its acquisition of Tulloch Homes. Gordon McCarlie, corporate finance director at Johnston Carmichael

Listed housebuilder Springfield Properties has agreed a conditional acquisition of Inverness-based housebuilder Tulloch Homes for a net consideration of £56.4 million. Springfield’s third acquisition since joining the market in 2017, the directors believe the move will significantly enha

Housebuilder Springfield Properties has posted record-breaking revenue and profits in its final results for the year ended 30 May 2021. The company has also reported substantial reductions in net debt and a strong outlook.

Increased sales in private and affordable housing coupled with a contribution from strategic land sales have driven an expected year-on-year revenue growth of 49% for Springfield Properties. In a trading update for the year ended 31 May 2021, the housebuilder said its full year 2020/21 revenue