The UK’s largest non-listed housebuilder has reported a decline in both profit and turnover as it responds to “challenging market conditions”.

In its latest financial results, Bloor Homes reported pre-tax profit of £287m, a decline of 9% compared with £318m the previous year.  In the year to 30 June 2023, Bloor it also recorded gross profit of £350m, down 7% from £380m the previous year. Overall profit was £217m, down from £255m in 2022

Turnover was down slightly at £1.34bn in 2023, compared with £1.37bn last year. A note on the accounts remarked that turnover and profit before tax have both decreased since 2022 “despite selling additional plots.”