Property development company, Barratt Developments, has launched a safety review after accidents on its sites increased
Commenting on the safety review, it said: “Increased activity levels across the industry in terms of site openings and production volumes combined with shortages of skilled workers has contributed to an increased risk of accidents on sites.
“We remain fully committed to the highest standards of health and safety on our sites.
“In the year, our reportable injury incidence rate has increased with 462 (2017: 379) reportable incidents per 100,000 employees.
“We have already undertaken a review into factors that have contributed to this increase and will be working with our management teams to drive improvements in the prevention of injuries.”
Figures in Barratt’s latest final year results revealed a pre-tax profit up 9.2% £835.5m, highlighting a strong financial and operational performance for the full year.
Barratt has also set medium-term targets of increasing construction levels by 3-5% to boost completions to 20,000 a year.
Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said:
“The Group has had another outstanding year delivering a strong operational and financial performance, and our highest volumes in a decade. As the UK’s largest housebuilder we are helping to address the country’s housing shortage – creating jobs and supporting economic growth whilst continuing to lead the industry in quality and customer service.
“Our continued focus on operating efficiencies and margin initiatives is starting to deliver and we have today announced new medium term operational targets reflecting our confidence in the business going forward.
“The Group starts the new financial year in a good position with a strong balance sheet, healthy forward sales and robust consumer demand supported by a positive mortgage environment.”