Keepmoat, which operates across Northern England and the Midlands, employing over 3,000 people, also announced turnover of more than £532 million, up 13.6% on 2006.

The strong performance follows an £800 million management buyout earlier in the year.

David Blunt, Chief Executive of Keepmoat, said: “Our financial performance remains strong, as we continue our rapid and sustained growth, with turnover reaching in excess of £500 million and our forward order book now holding at a level of £3 billion

“The key to this has been, and is, the outstanding delivery performance of our people.

"Across our regeneration and new home divisions 95% of our work is delivered through long term partnering arrangements and our expertise spreads across many areas which continue to be at the forefront of the Government’s agenda including Decent Homes, HMRI Pathfinder, Public Private Partnerships and the provision of mixed tenure communities.