New homes company, Cala Homes, is predicting record profits following a good start to 2013, the BBC has said.

It added that its private completions had increased by 4% for the year as market conditions appear to improve. Private reservations also increased by 10% and it is thought the reason behind this improvement is due to the Help to Buy and Funding for Lending schemes.

The firm has also unveiled its future plans, which includes expansion plans for Edinburgh and Aberdeen, through increased land investment.

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The news follows Cala's £210m deal with Patron and L&G in March.

According to a trading update for the company's financial year, which ended on 30 June, the average selling price of a Cala home is now £330,000.

The company added that it "expects to announce record profits" in its September results later this year.

Alan Brown, Chief Executive of Cala Group Limited, is quoted as saying: "The last 12 months have been transformational for the group with the investment from Patron and Legal & General in March 2013 providing us with a strong platform from which to grow our business.

"The group has continued to trade ahead of management's expectations with our industry leading customer service levels helping us to achieve record levels of profitability for the period.

"We continue to benefit from being the UK's most upmarket major home builder, having the highest average selling price outside London of any housebuilder in the top 20 by volume."

(JP/CD)