Turnover at the group behind Triumph Motorcycles and Bloor Homes topped £2.2 billion last year, according to new accounts.
Bloor Investments saw revenues grow by more almost £300 million in the year to June 30, 2022, while pre-tax profits were up almost £100 million at £426 million.
The housebuilding side of the business, based in Measham, on the Leicestershire/Derbyshire border, brought in revenues of £1.37 billion, up from £1.28 billion. It built 4,241 houses during the year, with an average selling price up from £307,000 to £322,000. It employed 1,184 people.
In newly published annual accounts the group said while the housing market had been strong during the period, interest rate hikes had made it more challenging.
Despite that, management at Bloor Homes remained “optimistic and well placed to navigate the situation”.
Meanwhile Hinckley-based Triumph Bikes contributed £775 million to the revenues, up from £613 million.
The group said Triumph, which employed 2,166 people, had done well under difficult market conditions and during the year put £38 million into R&D, which was up on 2021.
It said: “Trading conditions for the motorcycle industry are expected to remain challenging with global economic uncertainty and the continued constraints of consumer credit lending and individual spending.
“The company is focused on investment in a range of new products which are to be sold into various new geographic markets in the future.
“New and improved motorcycle models have already been scheduled for launch. The Asian markets provide an exciting new prospect for the product range for future expansion.”
Last summer Triumph bought kids electric bike builder OSET to give it a step-up into the off-road sector.
It has also been working on its first range of electric bikes.
The accounts also show that during the year Bloor Investments – which has a history of supporting disadvantaged young people – gave £8.65 million in charitable donations, almost £4 million up on the previous year.
It also gave £36,500 to low-tax pressure group The Taxpayer’s Alliance, but donated nothing to the Conservatives after giving the Tories £150,000 in 2021 and £962,000 in 2020.
