Bucking the trend in the housing markets, Dodd Homes will launch 12 new Midlands developments over the next six months and has full financial backing to secure further sites before the end of 2006.
The ten- year- old Warwickshire-based developer says it is on track to double its current turnover to £40 million before the end of 2008.
The firm's rapid expansion has been made possible by a £ 30 million development facility approved by Allied Irish Bank (GB).
Dodd chairman Steve Dodd said: "Up until now we have maintained a relatively low profile, comfortably accepting the fact that our peers in the industry regarded us as a 'small fish' operating purely in Worcestershire, where the company was first based.
"However, we have proved that persistence and having a strong grasp of the fundamental ingredients to successful brownfield development have paid significant dividends, by being able to declare a business plan for the next three years that is based on sound financial planning."
He added: "By March 2006 we will have commenced work on 12 new sites, which will deliver a total of 250 new homes, achieving a gross development value of in excess of £56 million.
"However, our aggressive growth and portfolio of new
developments is built on solid foundations, having just completed the build programme on four Midlands developments with a total gross development value of £25 million."
The in-house 25-strong accounts team is being double, and the aim is to increase turnover to more than £40 million by April 2008.
Dodd Homes is coming to the end of its sales programme at Dominium, a conversion of the Old Courthouse in the heart of Lichfield to create 15 luxury apartments. It also has only a handful of three and four-bedroom townhouses left to sell at Treetops, a new build development on Greenlands Drive in Redditch, consisting of 84 apartments and houses.
Meanwhile, the company is well underway with two apartment schemes in Solihull, a further two apartment schemes in Worcester city centre and a Regency style mews development in Cheltenham's sought-after district of Leckhampton.
In 2006, the company will start on site at a further three developments in Solihull. The additional new sites that Dodd Homes has pledged to secure within the next 12 months are expected to be located within the wider South and West Midlands.
Dodd Homes is also looking to acquire additional brownfield sites with gross development values in excess of £3 million, with or without planning permission.
