Telford Homes
[7] The company was negatively impacted by the Great Recession, which caused a dip in house prices and Telford Homes' valuation to drop to 20p per share; however, it was not at risk of ceasing operations,[1] with a rise in profits being recorded during December 2008.[8] The firm's response to the wider economic downturn was to refrain from investing into new land as well as decreasing the completion rate of its open market homes to a below-capacity rate;[9] an increased focus on affordable housing and selling to organisations such as housing associations was also pursued.In April 2012, it was reported that a better-than-expected pre-tax profit had been recorded amid increased sales and completions.[21][22] During April 2018, it was reported that Telford Homes was expecting record profits and revenues for the financial year 2017/18; this performance was partially attributed to London’s housing shortage.[29] During June 2022, it was announced that outsider Anne Kavanagh had been appointed as Telford Homes' chief executive following the departure of John Di-Stefano.