£24m success of Bamber Bridge developer achieved in just six years - this is how they've done it
A Bamber Bridge-based property development company has posted impressive financial results this week.
A property developer set up just six years ago has posted impressive financial results this week.
Breck Homes, which is headquarted in Sceptre Court, Bamber Bridge, has unveiled a £380m pipeline of almost 1,700 affordable properties as it continues to grow across the North of England.
Since 2020, the company has handed over more than 1,000 homes, with a further 500 under construction. And Breck is aiming to get spades in the ground at 14 of its 21 sites over the next 12 months - totalling around 900 new affordable homes for families, couples and individuals across the North West and Yorkshire.
It comes as Breck filed its latest accounts this week, showing an increase in tangible net worth to over £24m, with annual net profits before tax of more than £13.3m.
Andy Garnett, chief executive, Breck said: "Over the past six years, we have completed nine sites in partnership with affordable housing providers. Seeing these new communities we have created now being lived in by people who deserve them is inspiring, and the reason we want to continue to grow.
"Our reputation for speed, consistent delivery and true partnership has fuelled our growth to date and we now have nearly 1,500 houses which we are either awaiting a planning decision or preparing planning applications for or in talks with a housing association on contracts to allow us to begin construction."
He added: "We also want to continue to grow our £380m pipeline and are currently actively progressing opportunities in the North East as well as the Midlands. We see real demand in both areas for quality affordable homes for those who need them - with our unique approach to delivery we are excited for what the future holds for Breck."
Breck recently began work on-site at its first Yorkshire affordable housing scheme, a 53-home development in Bradford in partnership with Incommunities.
In addition, Breck gained planning permission in recent weeks for 20 affordable houses at Flockton Road in Bradford, along with a further 34 homes awaiting permission at Brompton Avenue in the coming weeks.