Write 10 page essay on the topic Finance report (Analysis of Persimmon plc).In order to achieve the objective of the report we will conduct a financial statement analysis, analyze the corporate social

Write 10 page essay on the topic Finance report (Analysis of Persimmon plc).

In order to achieve the objective of the report we will conduct a financial statement analysis, analyze the corporate social responsibility of persimmon, conduct an analysis on environmental and social responsibility in conformity to the international financial reporting standards.

Persimmon is well established company in the housing sector in the United Kingdom.

Persimmon was founded in 1972 by Duncan Davidson, from its initiation the organization has expand tremendously and so far the firm operates 24 regional offices building homes in most areas in the united kingdom (Persimmon Plc).

The company concentrates on developing and building both residential and commercial buildings with the recent design while using the recent technology. The has made company sales to increase significantly with a slight drop in sales in the year 2009 illustrated by the chart below

As delineated in the chart above, the company sales units have remained relatively stable (for the years period starting 2009 up to 2011) with only a slight drop in the year 2009 despite the hard economic hard ships. As observed from the chart above the company sales declined with a great margin in the year 2008, this was occasioned by the global financial crisis that drove the economy into a recession (Persimmon Plc).

The company turnover has been supported by the growth in sales current the company enjoys a turnover of about £ 1535 million. This is great achievement despites the hard economic times the economy is experiencing. The company is mainly know by offering cheap house unit, this can be attributed to the accusation of distressed land

Despite this achievement the company has faced criticisms on the quality of the house that it constructs. Many individuals have been quoted criticizing the quality of the housed constructed by persimmon on grounds of dangerous wiring of sockets.

The housing sector in the United Kingdom