Planning delays ‘slowing growth plans’, Cumbria-based housebuilder says
Story Homes has reported a drop in pre-tax profit and turnover.
The housebuilder, which is based in Carlisle, reported turnover of £251.8m in its results for the year to 31 March 2025, down 12% on the £286.3m generated the previous year.
Its pre-tax profit fell by 3%, from £24.3m to £23.5m over the same period, while its home sales dropped from 923 to 802.
Its gross margin however increased from 19.6% to 20.8%.
The firm in its accounts pointed to planning delays as the main reason for its drop in income.
It said its primary operating risks continue to “centre around nationwide planning delays facing the house building industry, compounded by BNG, challenging mix policies, nutrient neutrality etc”.
It said: “The company has delivered strong financial results in the year, largely maintaining gross margin and profit levels despite reduced volumes.
“Planning delays have been the primary reason for reduced volumes in the year and continue to slow growth plans.”
It added market conditions for housebuilding are challenging, impacting margins but Story has “strong cost control measures” to mitigate risk.
Story Homes was ranked 17th in Housing Today’s latest Top 50 Housebuilders table published earlier this month.
>>See also: Top 50 Housebuilders 2025
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