RE: THIRD QUARTER TRADING STATEMENT10 Nov 2020 07:19
Average private weekly sales rates per site for the period 38% ahead of 2019.
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Fully sold up for the current year and c. £1.36bn of forward sales reserved beyond 2020, 43% up on last year (£0.95bn).
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Well established strategy of careful management of the housing cycle through minimising financial risk and investing capital at the right time - c.1,700 plots of land secured in the year to date (2019: c. 7,300 plots).
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Strong liquidity with a cash balance of c. £960m at 31 October 2020 (2019: £371m).
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Current customer satisfaction score of 89.8%1 for the period from 1 October 2019, with the Group trending ahead of the five star threshold since January 2020.
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The Sustainability Committee continues to make good progress against the Group's strategy of ensuring that the business delivers long term sustainable benefits for all stakeholders. It has recently engaged an independent expert to assist in setting a science based carbon reduction target.