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Marc Da Silva talks to Richard Werth of Banner Homes Group PL
Name and business title: Richard Werth, chief executive, Banner Homes Group PLC.
Where is your firm developing new homes? Banner develops luxury new homes of traditional quality throughout central and southern England.
Despite the recession and general lull in the UK housing market, the new homes sector is going from strength to strength, reflected by the high volume of housebuilders posting positive trading results so far this year.
New homes builder Banner Homes has announced a new £120m bank facility that will enable the firm to buy more land and plan ahead for the construction of more new homes.
The funding was secured with three major banks, RBS, HSBC and Santander. This four year facility will secure the future growth of Banner Homes and allow the firm to accelerate its land and development operations. In addition Banner's major shareholder has extended its investment loan until December 2015.