Housebuilder reports rise in reservations
Gleeson has appointed Keith Adey to its board.
Adey will join the £345m turnover housebuilder from 1 January.
Adey previously held the position of chief financial officer at housebuilder Bellway from 2008 to 2021.
He has also held senior roles at build-to-rent developer and private landlord Grainger and KPMG.
The appointment comes as Gleeson reported in a short, unaudited trading update that its open market net reservation rates for the eight weeks to 7 November 2025 are up 22% on the same period last year.
>> See also: Key appointments at Gleeson Homes are ‘statement of intent’
The housebuilder said at this stage it expects its results for the year to 30 June 2026 to be in line with market expectations.
The group said analysts’ consensus is that it will deliver between 1,775 and 2,000 homes, generating pre-tax profit of between £24m and £24.5m.
It said: “Demand for new homes remains subdued, but steady, with buyers lacking confidence in the current economic environment.”
Gleeson in the year to 30 June 2025 reported a 17.5% drop in pre-tax profit to £20.5m, which it said was due to rising build costs and weak consumer confidence.
The housebuilder spent £1.3m on restructuring costs last year under an initiative called Project Transform, which saw the firm announce a restructure of its housing business in July with housing boss Mark Knight leaving.
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