Homes for Scotland

Foundations for growth

Springfield Properties build for the future

Springfield Properties, which was established in 1956, has a turnover of £47m and recently announced profits of £3.5m following more than twenty years of continuous profitable trading.

During 2013 Springfield Properties handed over a total of 300 homes and is operating from 27 sites across Scotland. With over 300 people directly employed, the company can have up to 600 people working on its projects.

With sales currently up 59% on the same time last year, Springfield expects this performance to be sustained through 2014 with turnover projected to increase to over £75m.

We have established a reputation for delivering individually designed, stylish homes throughout Scotland and are committed to expanding our business based on best practice and quality innovation.

Innes Smith, Springfield Properties

Growing network

Springfield Properties plans to acquire up to 6,000 new plots across Scotland within the next three years.

In order to meet these objectives, the company required funding to assist with delivery of the company’s growth strategy, which over the next three years, should see over 1,800 new homes handed over to owners.

Future ambitions

Bank of Scotland provided a finance package worth £17.5 million, which will assist with the delivery of the company’s growth strategy over the next three years.

Springfield Properties focuses on the development and delivery of bespoke, high quality homes, making the on going support from the Bank of Scotland vital to maintaining the level of expertise and attention to detail that its customers expect.

The team at Bank of Scotland were extremely supportive and provided us with a flexible, financial solution, which met our aims and objectives for the future expansion of the business.

Innes Smith, Springfield Properties

Building quality

The house building sector is of vital importance to the Scottish economy. Bank of Scotland is committed to supporting its growth whether that be supporting house builders like Springfield or backing the Scottish Government’s MI New Home Scheme which has helped over 500 families purchase a new home over the last year.

We are pleased to be able to offer the company a financial solution, which meets the individual and specialist needs of the business, based on the market in which they operate.

Graham Fiddes, Bank of Scotland

Building quality