Homes builder from Bourne stretches its reach across country

Larkfleet chief executive Karl Hick. ENGEMN00120131015102319
Larkfleet chief executive Karl Hick. ENGEMN00120131015102319
Have your say

Homes builder and development company the Larkfleet Group has created two subsidiaries in a bid to extend its operations across the country.

The company, based in Bourne, is seeking more development opportunities by reaching out into the east of England and Cornwall.

It has set up Larkfleet Homes Suffolk and Norfolk to develop homes in England’s eastern-most counties - an option for a 1,000-home site in Beccles is expected to be signed soon.

It has also created Larkfleet Homes South West to develop in Devon and Cornwall and parts of Somerset where a number of development sites have been identified.

Larkfleet Group chief executive Karl Hick said: “We believe the time is now right for a substantial increase in our operations to take advantage of current market conditions.

“Our business model is based on local companies with strong local management teams who know their geographical area of operation well and can provide a real focus on quality to meet customers’ requirements.

“Larkfleet Homes South West and Larkfleet Homes Suffolk and Norfolk will provide that local focus while extending the group’s operations from the furthest west you can travel in England to the furthest east.”

The group currently has housing and mixed use developments across Lincolnshire, Cambridgeshire and Rutland.

It recently launched subsidiary Allison Homes to strengthen its operations across this region.

The group builds for the open market and for social landlords and homes range from apartments and two-bedroom ‘starter homes’ to luxury executive houses.

Its current projects and developments range from single plots to urban extensions of more than 1,000 homes, together with mixed-use and commercial developments ranging from 3 to 30 acres in size.

It has an established and growing land bank valued at £56.5 million.

Mr Hick added; “We have a strong record in creating high quality homes and communities while also generating good returns on investments, solid future cash flows and value.

“We specialise in building high-quality, energy-efficient housing and continually invest in research and the development of innovative new sustainable building designs, materials and construction methods.”