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Financial Reporting of Persimmon plc - Assignment Example

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The main objective of this report “Financial Reporting of Persimmon plc” is conducted both fundamental and technical analyses on the Persimmon plc against its main competitor so as to establish measures and procedures that help in position the organization as the leader in the housing industry…
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Financial Reporting of Persimmon plc
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Download file to see previous pages Persimmon is a well-established company in the housing sector in the United Kingdom. Persimmon was founded in 1972 by Duncan Davidson, from its initiation the organization has expanded tremendously and so far the firm operates 24 regional offices building homes in most areas in the united kingdom (Persimmon Plc).
The company concentrates on developing and building both residential and commercial buildings with the recent design while using recent technology. The has made company sales to increase significantly with a slight drop in sales in the year 2009 illustrated by the chart below
As delineated in the chart above, the company sales units have remained relatively stable (for the years period starting 2009 up to 2011) with only a slight drop in the year 2009 despite the hard economic hardships. As observed from the chart above the company sales declined with a great margin in the year 2008, this was occasioned by the global financial crisis that drove the economy into a recession (Persimmon Plc).
The company turnover has been supported by the growth in sales current the company enjoys a turnover of about £ 1535 million. This is great achievement despite the hard economic times the economy is experiencing. The company is mainly known for offering cheap house unit, this can be attributed to the accusation of distressed land
Despite this achievement, the company has faced criticisms on the quality of the house that it constructs. Many individuals have been quoted criticizing the quality of the housed constructed by persimmon on grounds of dangerous wiring of sockets. ...Download file to see next pages Read More
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