Construction firm, Springfield, has predicted a 50% increase in its turnover for the year due to a growth in sales.

According to the BBC, the firm posted an annual profit of £3.5m, with a turnover of £47m. Both amounts are down on the previous figure which was boosted following the firm's acquisition of Redrow.

Throughout the year, the company handed over 300 homes, while it is operating more than 27 schemes within Scotland.

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Managing Director, Innes Smith, is quoted as saying: "Turnover increased significantly in the second half of last year and this momentum has continued with sales currently up 59% on the same time last year.

"We are preparing for demand to increase again when the government backed 'help to buy' scheme is introduced next month.

"In response to demand we opened four new sites last year and the extra work has swelled our workforce by over 100 people including eight apprentices."

Springfield, which is a family-run housebuilders based in Moray, said it would continue to invest in land, with six new sites expected to open this year.

(JP/CD)