Chairman Steve Morgan also announced plans to strengthen the senior management team as the group plots a course for strong profit growth.

Group managing director John Tutte is to be promoted to group chief executive in June.

Keith Parrett will also be promoted to the new post of regional chief executive overseeing Redrow’s Southern and South East businesses while Matthew Pratt takes the regional chief executive role for the northern and midlands businesses.

Morgan, who returned to take direct control after massive losses of £141m in 2009, said the business was now set for strong growth.

He said: “We have started the calendar year well with private reservations since January up 24% on last year from 12% more outlets.

“We expect the housing market to remain robust and for consumer confidence to improve in line with the economy.

“We have a strong pipeline of new sites in planning and we believe the Government is committed to continuing to speed up the process of obtaining implementable planning permissions.”

A 17% rise in average selling prices to £262,000 aided by greater volume sales help to lift turnover by 41% to £363m.

The group saw the first significant contribution from the London division with £41.5m of turnover from 133 legal completions.

Redrow said plans for a residential led mixed-use scheme at the Metropolitan Police’s Peel Centre site in Hendon represented a major development opportunity for the London division.

During the period Redrow secured 3,526 plots, of which over 1,000 were converted from its forward land bank.

At the end of December our current land bank amounted to 16,250 plots, an increase of 15% on the previous six months.