Completions fell 3.5% during period
Churchill Living has reported a drop in its annual pre-tax profit.
The later living housebuilder, in it accounts for the year to June 2025, reported pre-tax profit of £3.3m, down from £3.9m the previous year. But turnover rose by 14% to £169.8m which it said was due to a one-off contract.
The group’s completions fell slightly from 400 to 386 units but its average selling price rose 4.9% to £368,000, which it said was due to “geographical mix”.
Churchill has streamlined its structure over the past few months, bringing five regional officers into three core geographical divisions. It said the new structure “provides greater consistency in reporting, clearer accountability, and a stronger foundation for delivering disciplined growth”.
The firm admitted it has had a “challenging year” but said it remained profitable “due to its highly disciplined approach to all financial elements of its business”.
Source: Building.co.uk