By Powerscourt on 11/03/2019

NEWS: Powerscourt wins Bovis Homes brief

FTSE 250 listed housebuilder, Bovis Homes Group PLC, has appointed Powerscourt to advise on its financial & corporate communications, following a competitive pitch process.

Bovis Homes is a UK builder of high quality, traditional homes, ranging from two-bed starter properties through to large six-bed family homes, with the design and construction blending tradition with innovation, creating quality dwellings and developments with contemporary living standards.

Bovis made significant operational improvements in 2018, through a controlled, steady state build programme resulting in total completions of 3,759 units, a 3% increase on 2017 and resulting in the company building homes at every development across its seven regions that meet the House Builders Federation 4 Star Customer Satisfaction levels. The Company continues to make good progress towards achieving its medium-term targets and is on track to deliver in excess of £180m of additional net cash from its balance sheet optimisation.
The Powerscourt team will be led by Justin Griffiths and Nick Dibden.

Susie Bell, Head of Investor Relations at Bovis Homes Group, commented: “We have appointed Powerscourt because of their excellent sector knowledge, energy and the creativity they showed in the pitch. We’ve made great progress in the last twelve months and while there remains a big job still to do, we believe that Powerscourt is well placed to help us continue with our reputation rebuild and deliver a compelling narrative that highlights the good work we are undertaking and the significant improvements made in the quality of our build and customer service levels.” Justin Griffiths, Partner at Powerscourt, added: “We are delighted to have won this brief. Bovis Homes has undergone enormous change in recent times and we are relishing the prospect of working with the management and communications teams to help them reclaim and develop their corporate narrative while further educating the City on their equity story.”