Hill Holdings Limited generate revenues of 拢1,152m for the year to 31st March 2025 (2024: 拢1,146m) and made a profit before tax of 拢90.5m (2024: 拢70.1m).
During the year the group completed more than 2,800 new homes across its operations.
Hill Residential saw steady demand across its developments despite market uncertainty. Sales rates improved during the final quarter of the year, the company reports, with an average selling price of 拢613,000, and positive momentum continuing as the business entered its current financial year with 40 per cent forward sales.
Hill Partnerships, which builds affordable housing for registered providers and local authorities, outperformed expectations with the London and Special Projects divisions seeing high levels of activity. Activity levels in the northern and southern home counties also increased in the year, the company reported.
Growth was supported by Hill鈥檚 entry into the build-to-rent market, with two forward-funded deals secured during the year. It agreed on contracts for 264 homes at Nexus, Stevenage, and a further 365 homes at Dagenham Green in partnership with Peabody.
Hill invested 拢77.9m in new land acquisitions during the year, bringing its total land and work-in-progress holdings to 拢638.9m. Net assets increased to 拢431.8m and net cash rose to 拢118.3m, with the business repaying its revolving credit facility by year-end.
The development pipeline now comprises more than 32,000 homes, including 10,200 with planning consent and a further 1,500 controlled on a subject to planning basis. The longer-term strategic pipeline includes 20,300 units in strategic control. The pipeline is forecast to generate more than 拢12.5bn in future gross development value. In addition, the contracting pipeline rose to 拢4.8bn, up from 拢3.7bn last year.
Founder and group chief executive Andy Hill said: 鈥淭hese results reflect the outstanding work of our people and partners in what remains a challenging market. To surpass our previous record in a twelve-month period is a fantastic achievement and a real credit to the strength of our business model, the quality of our homes, and the determination of everyone across the group. As we report on our 25th year of business, I couldn鈥檛 be prouder of what we鈥檝e accomplished together.鈥�
The Hill Group has now produced a new five-year business plan for 2025 to 2030, reaffirming its commitment to partnership-led development and mixed-tenure housing while setting its sights on further growth across its existing regions and sectors such as build-to-rent, estate regeneration and new towns.
Andy Hill added: 鈥淲ith a robust pipeline, a strong balance sheet and an experienced team, we are starting the next chapter of our journey with real momentum. As we invest and scale for growth, we cannot ignore the structural issues within the current housing market. We urge the government to take bold action by accelerating planning decisions, assisting with solutions to fund increased affordable housing going forward, and introducing targeted measures to support first-time buyers. Hill stands ready to play its part in meeting the ambition for 1.5 million new homes over the next parliament.鈥�
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