Could Taylor Wimpey become Britain's biggest builder?

The latest of our KEY Investments to report its 2014 figures has today produced even better results than anticipated and it is now close behind Persimmon to become Britain's biggest builder. On the basis of today's review of the coming year it looks to overtake Persimmon in 2016  a year earlier than they aimed for.

Summary Results 

            Sales increased by 17% to £2.7 m 
            Operating Profit now 17.9%. Up from 13.6%
            Pre Tax Profit increased by 67%to £450 m
            Return on Assets now 22.5% up from 16.8%
            Dividend increased by a massive 400% to 9.00p from 2.25p

The future for the house building industry looks better every day with all our main political parties promising bigger and bigger house building schemes daily.Even if our politicians do only 20% of what they promise, the building industry has 20 years of work ahead and the politicians appear to ignore the ability of the industry to be able to increase homes to the 240,000 needed without more sites, reduced planning delays and an increased trained and skilled workforce.
As before our investment portfolio retains and will increase holdings in Britains  top five house building groups of which Taylor Wimpey looks now to be the front runner! However I might be persuaded at next month's Persimmon Meeting at York Racecourse that Persimmon is still in the lead (it's took its name from the 1896 winner of The Derby).