Key performance indicators (KPIs)

Management are closely involved in the day to day operations of the Group and constantly monitor cashflows and expenditure. However, Management believe the key indicators of performance for the Group are the revenue and profitability achieved during the period together with the net liability position. These measures are disclosed above in the operations review.

Development Pipeline & outlook

Shortly after the year end we acquired a new site in Tunbridge Wells at Talbot Park for £490,000. We have submitted an application to demolish the existing bungalow and build a scheme of detached houses, which should achieve in the region of £950,000 each. We have no build costings as yet but expect to have a decision on the planning by the end of September. It is Officer recommended for approval. Once we have consent we will either be able to seek funding for the build or dispose of the consented development. The initial cost of the site was partly funded by CPF Limited with the balance through directors loans.

Paul Treadaway
CEO

24 September 2024  

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