The company said its land bank has bumped turnover up 41% to £142.3m in the year ending 31 December 2006. Profits grew 35% to £40.8m.

Chairman John Reis said the company is optimistic that the company will benefit from an upbeat construction market.

He said: “The property market in general appears to remain robust. The residential housebuilding sector is forecast to grow, both in volume and in value, and continues to consolidate. The Barker Review indicates a new build requirement of up to 200,000 units a year well into the future.”