Redrow ’s chairman Steve Morgan has said that net private orders were 6 % ahead , standing at 1,660 , with the sales rate for the 19 months prior to 4 November up 4 % on 2015 . The company ’s private order book is £ ##40 m , 29 % higher than in 2015 . The average selling price of private reservations hit £ 355,000 , an increase of £ 25,000 from the previous financial year . Morgan said that Redrow ’s net debt was £ 92 million , and that he expects it to maintain this level at the end of December 2016 .
Redrow’s chairman Steve Morgan has said that net private reservations were 6% ahead, standing at 1,660, with the sales rate for the 19 weeks prior to 4 November up 4% on 2015. The company’s private order book is £941m, 29% higher than in 2015. The average selling price of private reservations hit £355,000, an increase of £25,000 from the previous financial year. Morgan said that Redrow’s net debt was £92m, and that he expects it to maintain this level at the end of December 2016.