The Elgin-based company – which took over Redrow’s Scottish operations in 2011 – is preparing to open a further six sites, having started work at four locations in the past year.
Chairman Sandy Adam said: “Turnover is set to increase by 50 per cent this year. We are investing profits in buying land; five sites purchased in the year are being progressed through the planning system along with another 12 sites.”
His comments came as turnover fell to £46.6 million in the year to 31 May from £53.5m in the previous 12 months, when Springfield was still selling some of Redrow’s pre-built houses. Profits dipped to £3.5m from £3.9m.