The first Bugler Group Company, Bugler Developments was founded by Tom Bugler in 1982 to develop homes for private sale. Affordable Housing construction soon became a speciality and in 2001, Bugler Homes was founded to distinguish between our private house building work and Housing Association contracting. A parent company, Bugler Holdings was formed to unite the organisations.
Significant success and growth resulted from the new structure and in 2016 along with an exciting re-brand and the addition of Bugler Land, the Bugler Group was formed.
In 2017, the Group moved into the prestigious offices at 25 High Street in Rickmansworth allowing room for further growth and providing an excellent environment for staff and visitors.
The most recent chapter of the Bugler story is the formation of Bugler Living, which is the Group’s response to the buoyant Private Rental market.
To build high quality, well designed homes and continue to be a name trusted by clients and homebuyers alike. We will offer a fully integrated service to include land acquisition, construction, development, sales and aftercare.
Investment in our people, our projects & improving the performance of our business motivates everything we do.
Group Chief Executive
Bugler Homes Chief Executive
Group Financial Director
Group Land Director
Chief Executive Statement
The Audited Accounts have now been finalised across the Group and I’m delighted to report that we achieved a very strong set of results for the financial year ending 31st March 2019.
We continued to successfully run all aspects of the business without any borrowing or Third Party Funding and remained in a very strong financial position with regard to cash-flow and solvency. We made several key appointments throughout our team which has enabled us to plan for the future growth and success of the Group.
The year saw the Groups turnover increase by circa 15% and profits rise by circa 25% to mark a fantastic year for the Group, our most profitable yet.
Bugler Developments experienced a particularly good year. We set ourselves an ambitious target in terms of turnover and profitability and, despite not quite achieving the projected turnover, the profits for the year were beyond expectations. More importantly, many new construction projects were secured throughout the year which has provided sufficient workload for this financial year and beyond.
Bugler Homes also enjoyed a really positive year with all units sold at our flagship Watford development and two further sites purchased throughout the year. This places Homes in a very strong position to continue its growth plans and, despite forecasting that the current financial year will be quieter in terms of sales, new projects including our prestigious development at Bagshot are all proceeding well.
Bugler Land remained dormant financially as the Board decided at the start of the financial year to acquire, and on occasion trade, all land through Bugler Homes. That said, land remained a key part of our activity whether acquiring land for future private development via Homes or by way of introduction to our clients in order to secure build contracts.
The year saw our build to rent brand, Bugler Living, complete its first project with our former office at Norfolk Road successfully converted to 6 modern apartments. Our plan for Living remains flexible and market driven but we are strongly considering incorporating Living into the Group structure.
Further to our launch of the Bugler Foundation in early 2018, we were able to support a number of great causes throughout the year. As we have agreed to allocate 1% of the Group’s pre-tax profits to the Foundation, the financial success of the Group in the financial year meant we secured a large pool of additional funds to donate to whichever charitable partners we agreed to support. During the latter part of the year, we identified Signpost Youth Counselling as one such key charitable partner. Signpost provide much needed support to young people (aged 10-25) in the Watford and South Herts area who have reached out for help and, on Mental Health Day in October 2019, we were delighted to hand them a cheque in the sum of £20,000.
The above summarises what was a great year for the Group and this has further cemented our strong financial position and enabled us to plan for more sustained growth and success. We anticipate reporting another great set of results this time next year.