Stonebond has seen its pre-tax profit increase ninefold on the back of soaring turnover as it seeks to grow rapidly based on its new partnerships model.

The Chelmsford-based housebuilder, founded by sons of the Countryside founder Alan Cherry, posted pre-tax profit of £6.1m for the year to 31 October 2021, a huge increase on the £641,611 reported for the covid-hit 2019/20 financial year.