About this episode
Hagan Homes, a Northern Ireland-based housebuilder, reported robust financial results for the year ending June 2022. Turnover surged by 23.6% to £17.4 million, pre-tax profits climbed to £1.73 million, and retained profits rose nearly 30% to £1.21 million. The companys net assets grew by 3.3% to £37.7 million. These figures reflect strong demand for new homes, despite challenges such as rising mortgage costs and expenses. House prices in Northern Ireland are increasing at six times the UK average, contributing to the positive outlook. Hagan Homes has been actively developing projects like Springwater in Ballyclare, Enler Village in Comber, and One Three One in East Belfast. They have also started a new £50 million project, Ballantine Garden Village in Lisburn, with 138 homes planned over four years. The company has invested in construction and delivered over 5,000 homes in the last 30 years. Managing director Jim Burke aims to expand the business with £20 million in land purchases and at least 160 new homes in the pipeline.
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