Telford Homes plc provided earnings guidance for the year ended March 31, 2013. For the year, the company expects profit before tax will be ahead of market expectations. The company reported that net debt reduced significantly to under £35 million compared to £54.6 million a year ago.

The Group expects to report an increase in gross margin of over five percentage points from 17.6% in the year 2012 and an increase in operating margin in excess of three percentage points over 6.2% in the previous year.