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14 December 2020

Stonebond returns furlough monies as business grows 

Stonebond returns furlough monies as business grows 

We’re pleased to confirm that the business has voluntarily returned furlough monies to the government, now that all staff have returned to full-time work.

Despite the challenging economic conditions, since March we have welcomed 18 new employees.

Following a sustained period of growth we opened a second office in St Albans earlier this summer, and as part of our regional expansion plans we are actively looking for land opportunities that are suitable for up to 150 homes.

Commenting, Graham Cherry, Co-Chairman of Stonebond, said:

“Thanks to significant government intervention, the housing market has been one area of the economy to recover strongly. Stonebond traded well during this challenging period and we’re very pleased to be reporting an operating profit this financial year, with all staff now back at work. With that in mind, we believe that returning furlough monies is the right thing to do.

“I’m proud that we’ve been able to grow the business this year, and amongst our new joiners we welcome four recruits between the ages of 18-24 years, who will be embarking on their careers in the industry.

“Now, more than ever, we want to play our role supporting the economy and creating jobs, building well designed homes and creating attractive places to live. We continue to have strong growth plans and are currently seeking more land opportunities in both Essex and Hertfordshire.”

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