City praises Persimmon's performance despite credit crunch

摘要

Persimmon has fared best among the volume housebuilders over the six months since the credit crunch began, according to a straw poll of six City analysts by Building. The ￡3bn-turnover group was praised for its well established management structure, high quality landbank and its forward sales figures. One analyst said: "You've got a strong internal culture and a management team that has seen it and done it all before." Bellway and Bovis Homes were also commended, with one analyst pointing to the relatively low level of debt on their books compared with their rivals. Barratt and Taylor Wimpey came in for most criticism.