We look forward to the continued growth of Woodford Land and Golden Living who will benefit from the additional investment that we can provide.
Preston, Lancashire (PRWEB) December 6, 2007
Woodford Group PLC the brownfield land remediation specialist, has decided to dispose of its house-building subsidiary, Homes by Woodford and re-invest the proceeds into its land-dealing arm, Woodford Land and its retirement living developer, Golden Living.
With further growth predicted for the forthcoming financial year, Woodford is committed to its core businesses that have been the bedrock of its success to date.
Stephen Daubney, CEO of Woodford Group PLC, said: "We have decided that now is the appropriate time to concentrate on the businesses that have been fundamental to our success.
"We look forward to the continued growth of Woodford Land and Golden Living who will benefit from the additional investment that we can provide."
Woodford Land will continue to source and acquire contaminated land and regenerate redundant sites for mixed-use developments.
Golden Living the Group's retirement living developer has multiple site launches planned for 2008, throughout the North East and Yorkshire regions with operations set to commence in additional regions in 2009.
Notes to Editors
Woodford Group PLC is one of the fastest growing specialist brownfield acquisition, remediation and development companies in the UK. Placed 7th in Sunday Times Profit Track 100 in 2006 with a profit of £15.2m - growth of 125% per year, Woodford are the only company ever to have improved their performance three years in a row. The company has offices in Glasgow, Leeds, Birmingham, Newcastle, Yarm, Cambridge, London and a Head Office in Preston.
Woodford provide a full, in-house service from land buying to sign off of sites fit for residential or commercial building. Woodford Land, the land acquisition and remediation arm of the Group has extensive experience of returning previously unusable land to public use through their in-house remediation experts. The Group's development division, Golden Living design and build high quality retirement apartments for the over 55s.
For further information about Woodford Group PLC visit http://www.woodfordgroup.com