Lagan Homes Group’s pre-tax profits almost doubled to £6.2m in 2020, with turnover rising by 23% to £95m.
The firm continues to grow its footprint with land bank acquisitions across Northern Ireland, the Republic of Ireland and the English midlands.
Funded by the £455m sale of his construction materials group to Breedon plc in April 2018, owner Kevin Lagan and the family investment vehicle embarked on a growth strategy that involves expanding the firm’s Northern Irish and English divisions and launching a new Irish business to cater for the Dublin commuter belt.
Mr Lagan said: “While there are some challenges ahead, including planning process delays, the effects of Covid-19 and supply chain issues, we remain focused on consistent, quality delivery on our commitments to our customers, suppliers and, of course, to our key resource, our people.”
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