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 . With this robust sales performance and strong balance sheet, I remain confident this will be another year of significant progress for Redrow." 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 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 .