- Telford Homes expected to report record FY revenues and profit and that pretax profit was anticipated to be slightly ahead of current market expectations following a strong performance in H2.

"Telford Homes is extremely well positioned to achieve further significant growth, building homes for a chronically undersupplied non-prime London market and increasing its activity in the build to rent sector which earns higher capital returns," said CEO Jon Di-Stefano.

The company further said pretax profit was on track to exceed £40m in FY 2018, and £50m in FY 2019. More than 80% of anticipated gross profit for FY 2018 had already been secured and more than 60% for FY 2019.

Its build-to-rent pipeline now represented 483 homes with a combined contract value of £232m.

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