GABLOK: revolutionising housebuilding
The Belgium-based startup, GABLOK, was founded a year ago and has introduced a range of innovative construction methods involving the use of an insulated wooden frame.
Co-Founder and Managing Director, Gabriel Lakatos, patented a wooden home kit with a goal of making construction and the housebuilding process less complicated whilst being able to offer a more effective, simple way to build a house by yourself. Following months of research and testing, Lakatos’ product was validated by engineering offices.
Today, GABLOK offers a total of eight parts and insulated wooden blocks as part of its housebuilding range. Each of these parts are the main elements required in order to construct an insulated wooden frame.
Parts include the insulated starter block which is designed to match the LVL-Q panel-based starter block. Beams are also part of the main components which are made up of OSB 3 panels, whilst the lintel block is designed for door and small window openings. Other parts include the embossed top rail, insulated belt blocks and the floor element.
In addition to the physical products offered by the startup, it also offers design services using their own construction method. An assembly diagram is then provided to customers showing how to complete your project every step of the way.
If the laying plan is followed step by step, it is expected that the construction of one’s house shell will be completed in under seven days. The company also offers technical support if help is required during the construction and assembly process.
Another benefit of this construction method is that the materials are light in comparison to other techniques. The startup’s standard 60 cm wooden block offering is just over seven kilograms, making it easy to use and handle.
The products and materials have been designed and built with longevity and durability in mind. The estimated life span of elements from the wooden house kit is the equivalent of a standard house.
Environmentally friendly practices are also recognised at GABLOK. The company describes the concept as “perfectly in tune with today’s [environmental] concerns”.The product has been specifically designed to have less impact on the environment and materials such as the insulated wooden blocks are designed locally with the use of recycled materials. In addition, the materials are 100% recyclable and EPS (expanded polystyrene) is included in the products which requires little energy and water during the manufacturing process.
Check out GABLOK’s official website to learn more.
Taylor Wimpey targets £820 million full year profit
Taylor Wimpey is targeting a full year group operating profit of around £820 million, after announcing £424 million half-year operating profits this morning.
The group completed 7,303 homes - partly due to delayed Q4 2020 completions - and anticipates full year completions in the region of 13,200-14,000 homes.
In a half-year statement to July 4 to the London Stock Exchange, the company said the UK housing market remains strong, underpinned by low interest rates, good mortgage availability and Government support for customers. The 2021 interim dividend will be 4.14p per share, representing around £151 million in total.
Pete Redfern, Chief Executive, said it delivered a record first half performance and strong operating profit margin of 19.3%, which reflects tight cost discipline as well as higher completions in the period.
"Our focus remains on driving further improvement in our operating profit margin and accelerated outlet-driven volume growth from 2023," he said.
"Backed by last year's equity raise we stepped up our activity in the land market before competition returned and we successfully increased our land pipeline with high-quality sites that will deliver a strong financial performance. We are progressing this land through the planning stages as expected, providing excellent momentum for growth, enhanced returns for our stakeholders and increased numbers of new homes."
Forward indicators remain robust and as at August 1, its order book value is £2,712 million (2020 equivalent period: £3,022 million), excluding joint ventures, representing 10,589 homes (2020 equivalent period: 12,014 homes).
While the sector has seen increased build cost and supply chain pressure in relation to some materials in the first half of 2021, this is being fully offset by healthy levels of house price growth. Its 2021 year end net cash balance is anticipated to be around £700 million, subject to the timing of certain land transactions.
Andy Murphy, Director, Edison Group, said the 7,303 completed homes translates to revenue of £2.2bn, and with an order book of 10,344 homes valued at £2.6 bilion, it gives the company "good visibility into 2022".