Norwich Weather



max temp: 26°C

min temp: 15°C

Housing market buoyancy helps boost Anglian Home Improvements order book

PUBLISHED: 11:34 20 August 2014

Laurence Vaughan, executive chairman of Anglian Group, left, with Phil Tweedie group finance director

Laurence Vaughan, executive chairman of Anglian Group, left, with Phil Tweedie group finance director

Richard Lee

Norwich-based Anglian Home Improvements is eyeing a strong performance next year after a resurgence in the housing market helped bolster orders.

The EDP Top100 company said swelling consumer confidence and a growing number of people spending money on their homes had increased orders to £82.7m – a £13.6m boost on last year.

The forecast comes as turnover rose 9.8pc to £229m, according to the accounts ending March 29 2014.

Meanwhile, pre-tax profits climbed £3.3m to £10.7m as cash rose to £13m compared to £6.2m the year before.

Phil Tweedie, Anglian group financial director, said: “With the UK economy more stable in 2013/14 we did see consumer confidence begin to improve and this certainly supported our improved results in the 2013/14 financial year.

“We operate in a competitive market and our brand reputation is very important to us. We took market share in this period and we believe this is due to a combination of developing a much stronger internet presence along with Anglian’s heritage of almost 50 years in the home improvement industry.”

Accompanying its latest figures, the company wrote: “Levels of consumer confidence continue to improve and there is now a greater level of activity in the housing market.

“These trends will undoubtedly benefit the group over the coming years which together with the increasing importance of the green agenda should put the group in a strong position provided there are no major external shocks to the economy.”

Search hundreds of local jobs at Jobs24


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Norwich Evening News visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Norwich Evening News staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Norwich Evening News account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Show Job Lists

Most Read

Management Jobs

Show Job Lists

Most Commented

Newsletter Sign Up

Sign up to receive our regular email newsletter