Housebuilder Story Homes has been ranked among Britain’s 100 fastest-growing private companies.

The Carlisle-based firm, founded and owned by one-time Carlisle United owner Fred Story, is in 62nd place in the Sunday Times BDO Profit Track 100, set to be published on Sunday.

It is the fifth time that Story Homes has been included.

The survey covers privately-owned companies – as opposed to those listed on the stock market – highlighting those whose profits have grown the fastest over the past three years.

Story Homes’ profits grew by 68 per cent to reach £15m in 2014-15.

The company employs 283 people. It is building in Cumbria, southern Scotland, the north east and Lancashire, but has ambitions to become one of the UK’s largest 20 housebuilders within five years.

It completed 410 homes in 2014-15 but plans to be selling 1,400 a year by 2020-21.

Chief executive Steve Errington said: “We see key market opportunities, we have a premium-value product, which has better specifications than the [rest of the] market, and the sales reflect this.”

This is the 17th year that The Sunday Times has compiled the Profit Track 100.

Cumbrian businesses to figure in the past include Story Homes’ sister company Story Contracting, M-Sport in Cockermouth, Cumbrian Industrials in Penrith, and Cumbrian Seafoods in Maryport, which later moved out of the county.

Story Homes is the only Cumbrian entry this year, although the Blackpool-based stockbroker Hargreave Hale, which has an office in Carlisle, is in 20th place.