Niche building succeeds
Published: 25 June, 2009
DORSET: Despite the recession there are still good opportunities for traditional merchant customers.
Steven Morrish, joint managing director of Morrish Builders said, in an interview with the Daily Telegraph yesterday, that the firm's small size has protected it from the industry contraction that has afflicted Britain's volume house builders.
Morrish builds residential housing for sale and commercial buildings, which it lets. "We have about 150 homes under construction and we hope to complete on about 100, which has been a consistent number over the past few years. Five years ago, we were completing on about 75-80 homes a year," he said.
"We have achieved good sales this year, although prices have dropped and the houses we are developing are smaller than usual. We have certainly not experienced the fall in volumes of the major house builders."
Turnover at the firm over the past three years has been stable at about £16m, but Morrish Builders has restructured its finances to longer term arrangements.
The firm, based in Poole, Dorset, and formed in 1982 via a demerger from some of the other interests of his family, focuses on building in Dorset, Somerset and Devon.