Henry Boot result best since 2007

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Construction and property firm Henry Boot said it has entered 2015 in “great shape” following a 54 per leap in profits last year.

It described the financial results as its best since the downturn in 2007.

The Sheffield-based group said trading across all parts of the business was very encouraging in 2014 as the UK economy steadily recovered - pre-tax profits hit £28.3m in the year to December 31.

Tenant demand, investor appetite and yields on completed schemes all improved

And strategic land markets remained very buoyant in 2014 as UK house builders continued to restock their land banks.

Chairman John Brown said: “We sense that the planning system is beginning to tighten as we approach the General Election in May 2015, and the major house builders are moving to replenish, rather than rebuild, their land portfolios.

“The construction segment, including Road Link (A69), once again performed well; our plant business had a record year for profit and construction workloads are on an improving trend supported by the general economic recovery.”