Springfield Properties

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

Moray-based housebuilder Springfield Properties expects annual revenue and profits to be “ahead of market expectations”, reflecting significant year-on-year growth. In a trading update issued yesterday, the firm's chief executive Innes Smith revealed analysts’ projections are showi

Despite a fall in profits, housebuilder Springfield Properties said today it is well placed to benefit from a significant increase in demand since resuming operations as buyers seek to move out of city centres and into larger homes with gardens. (from left) Michelle Motion, chief financial

Veteran banker Sir Angus Grossart has nearly doubled his stake in Elgin-based Springfield Properties after buying £1 million of shares from its chairman Sandy Adam. The deal gives Sir Angus, who is the current chair of investment bank Noble Grossart and lobbying firm Charlotte Street Part

Springfield Properties has agreed an additional £18 million loan facility with Bank of Scotland as it prepares to navigate the uncertainty surrounding the current lockdown. The housebuilder said the additional support gives the group “sufficient headroom, should it be necessary, to withs

Springfield Properties, Persimmon and Morgan Sindall have all revealed plans to suspend dividends to shareholders to preserve cash amid the COVID-19 outbreak.

AIM-listed housebuilder Springfield Properties said today it remains confident of achieving growth in line with management expectations after reporting increased sales, profit and margin. Interim financial results for the six months ended 30 November 2019 revealed revenues at the Scottish developer

Springfield Properties is to deliver its first homes for Scotland’s private rented sector (PRS) and is targeting the release of hundreds of homes over the coming years. The AIM-listed housebuilder has signed a collaboration agreement with urban regeneration specialist Sigma to kick-start the p