Completions, revenues and profits were all up for the year at Vistry Group, the housebuilders formerly known as Bovis Homes.

The company's final results were released to the Stock Exchange this morning with the firm hailing "significant operational progress in 2019 resulting in another year of record profits."

Those profits were up by 12 per cent to £188.2million, with the results stating that they were ahead of market consensus.

The year saw a 2.9 per cent increase in the number of completions, rising from 3,759 in 2018 to 3,867 last year with the average selling price rising by 2.6 per cent to £280,200.

Total group revenues were up by 6.5per cent from £1.061billion to £1.130 billion, while the firm achieved another significant increase, as revealed by chief executive Greg Fitzgerald.

In a statement accompanying the report, he said: "Building high quality new homes and providing our customers with excellent service remains our key priority.

"And I am delighted this is reflected in an increase in our HBF customer satisfaction rating to 5-star; a very significant step up from our 2-star rating in 2017.

"In addition, 2019 saw the roll out of Bovis Homes' new Phoenix Housing Collection which incorporates more modern, open plan designs and has received very positive customer feedback."

Vistry Group came into being when Bovis Homes completed the purchase of the Linden Homes and Partnerships and Regeneration businesses from Galliford Try in January.

That meant all sections of the business are now operating under the new name, including the firm's Western regional office in Bishop's Cleeve.

Mr Fitzgerald added: "On 10 September 2019 we announced the potential combination between Bovis Homes and Galliford Try's Linden Homes and Partnerships & Regeneration businesses.

"Following detailed due diligence, the Acquisition exchanged on 7 November when the Group also successfully raised net proceeds of c £150m through a share placing to help fund the acquisition.

"Completion of the Acquisition on 3 January 2020, has firmly positioned the enlarged Group as one of the UK's top housebuilders and established it as a leader in the highly attractive, high growth partnerships sector.

"Our priority for 2020 is to successfully integrate the housebuilding businesses and ensure we maximise the very significant benefits we are confident can be delivered from this exciting new combination."