Welcome to Galliford Try's Press Centre. This section contains our most recent press releases, publications, videos and details of our press contacts.

Press Releases

Tuesday, 13 January 2015 @ 08:49

Galliford Try Reaches Agreement On £31.2 Million Greenfaulds High School

Galliford Try plc, the housebuilding and construction group, announces that its Morrison Construction business has achieved financial close on the £31.2 million Hub South West Scotland Ltd contract for North Lanarkshire Council to build the new Greenfaulds High School as part of the Council's Schools and Centres 21 scheme.

Morrison Construction will carry out the construction, providing a like for like replacement of the existing high school in Cumbernauld.  In addition Galliford Try will invest £0.7 million in the funding for the project. 

Galliford Try Executive Chairman, Greg Fitzgerald stated:  "The successful financial close of Greenfaulds High School follows closely behind the announcement by North Lanarkshire Council to award Morrison Construction a place on their £100 million framework. We look forward to working with the Council to create buildings that will serve the whole community, as well as significantly enhancing the facilities for education in the region."

For further enquiries:

Galliford Try -     Greg Fitzgerald, Executive Chairman       01895 855 001

                        Graham Prothero, Finance Director

Wednesday, 07 January 2015 @ 08:30

Galliford Try Plc – Trading Update 7 January 2015

Galliford Try plc, the housebuilding and construction group, today provides the following update on trading for the half year ended 31 December 2014.  The Group expects to announce its results for the half year on 18 February 2015.

Group

  • The Group continues to trade well and in line with our expectations.
  • Net debt below £40 million (31 December 2013: £85.9 million) despite the increase in the landbank.
  • Miller Construction integration has proceeded very well and is substantially complete ahead of plan.
  • Last month the Group was reclassified into the FTSE Home Construction sub sector.

Housebuilding

  • Solid performance with rates of sale and prices in line with our expectations.
  • Revenue is expected to be up on the prior half year period, from 1,529 unit completions, 1,404 net of joint venture partners’ share (2013: 1,359 and 1,279).
  • Strong in hand position with total sales reserved, contracted and completed at £645 million from a lower number of average selling outlets (2013: £652 million).  Outlets are expected to increase from an average of 67 in the first half to 75 in the period January to June 2015.
  • Record landbank of 14,050 plots with the land market continuing to be positive.  98% of land secured for 2016.
  • We expect Linden Homes’ operating margin to improve compared to the same period last year.
  • Average Linden Homes selling price up 7% at £310,000 (2013: £291,000). The average selling price for affordable sales was £121,000 (2013: £122,000) producing a combined average selling price of £259,000 (2013: £255,000).
  • Linden Homes’ unit sales per outlet per week at 0.51 is in line with last year (2013: 0.52) with rates increasing in the last quarter following a quieter summer.  Cancellation levels continue to remain around the long term average at 19% (2013: 19%).
  • Continuing excellent progress and revenue growth in Galliford Try Partnerships including major project wins in the period.

Construction

  • Exceptional order book of £3.2 billion (2013: £1.75 billion) with a number of major project wins in the period and further visibility of an excellent pipeline of opportunities.
  • Enlarged business benefiting from high quality clients and diverse future revenues with 21% of order book in the regulated sector, 59% in public and 20% in private (2013: 19%, 52% and 29% respectively).
  • We continue to prioritise risk management and margin protection in an improving market.  Margins continue to be constrained due to the completion of historical projects.
  • 98% of projected revenue for the current financial year secured with 72% for the year 30 June 2016 (31 December 2013: 98% and 62% respectively).

Greg Fitzgerald, Executive Chairman, commented:

It has been another strong performance for the Group in the first half of the financial year with our housebuilding and construction businesses both performing in line with our expectations. Housing market conditions remain good with growth having moderated to a more normal and sustainable level, and we are optimistic about the prospects for a number of recent and forthcoming sales outlets.  Our Partnerships business continues to see exceptional prospects for both contracting and development in the affordable market.  Following the acquisition of Miller Construction in July 2014 our enlarged Construction business is benefitting from an improving market.  We remain confident in the delivery of our strategy of strong and disciplined growth across all of our businesses."

 

For further enquiries: 

Galliford Try        Greg Fitzgerald, Executive Chairman                01895 855001

                          Graham Prothero, Finance Director

 

Tulchan Communications    Christian Cowley                               020 7353 4200

                                    James Macey White

                                    Giles Kernick

 

Tuesday, 06 January 2015 @ 08:15

Galliford Try Reaches Agreement on £48.5M Wick Community Campus

Galliford Try plc, the housebuilding and construction group, announces that its Morrison Construction business has achieved financial close on the £48.5 million Hub North Scotland Ltd contract with The Highland Council to deliver a community campus in Wick.

Morrison Construction will carry out the construction of The Wick Community Campus project which will replace the existing Wick High School, South Primary School, Pulteneytown Academy Primary School, the Carnegie Library and the community swimming pool. Construction has commenced on site and is expected to be completed by September 2016.

In addition, Galliford Try will invest £1.6 million in funding for the project and will provide ongoing hard facilities maintenance and lifecycle management services in a contract worth approximately £13 million over the 25 year concession period.

Galliford Try Executive Chairman Greg Fitzgerald stated: "We are delighted to have reached agreement with our partners at Hub North Scotland and the Highland Council on such an important project. Morrison Construction has a proven track record in providing public sector facilities across Scotland and we look forward to working with Hub North Scotland and the Highland Council to provide the high quality school and community facilities that the local community in Wick deserves."

For further enquiries:

Galliford Try - Greg Fitzgerald, Executive Chairman    01895 855001

                     Graham Prothero, Finance Director

 

Monday, 05 January 2015 @ 09:01

Galliford Try Reaches Agreement on £45.2M Royal Edinburgh Hospital

Galliford Try plc, the housebuilding and construction group, announces that its Morrison Construction business has achieved financial close on the £45.2 million Hub South East Scotland Ltd contract for NHS Lothian to build and operate the first phase of the redevelopment of the Royal Edinburgh Hospital.

Morrison will carry out the construction, providing a new state-of-the-art specialist mental health facility on the western edge of the existing campus in Morningside, Edinburgh. A new national brain injuries unit will be incorporated in an adjacent building to replace the existing Robert Fergusson Unit. In addition, Galliford Try will invest £2.2 million in the funding for the project and will also provide ongoing hard facilities maintenance and lifecycle management services in a contract worth approximately £18.5 million over the 25 year concession period.

Galliford Try Executive Chairman, Greg Fitzgerald stated: "Our relationship with Hub South East Scotland Limited is an important element of our Morrison Construction business in Scotland and we are pleased to be selected for this significant health project for NHS Lothian. We look forward to successfully delivering this project for our client and wider stakeholders, and in turn provide the local community with an enhanced built environment and improved facilities."

For further enquiries:

Galliford Try - Greg Fitzgerald, Executive Chairman   01895 855001
                     Graham Prothero, Finance Director