Hill Group has posted record turnover and profit in its latest financial results but has urged the government to introduce more help for the sector.
The housebuilder turned over £1.2bn in the 12 months to 31 March 2025. The figure was up from £1.1bn in its previous accounting period, which was for 15 months to 31 March 2024.
Pre-tax profit also rose, to £90.5m, from the £70m recorded during the 15-month period.
In a statement with the accounts, founder and chief executive Andy Hill said the figures had exceeded expectations.
Its pre-tax profit margin was up to 7.9 per cent, compared with 6.1 per cent in 2024.
It achieved a 10.3 per cent margin in the year to 31 December 2022.
The 25-year-old Hill Group – 20th in the most recent CN100 table – achieved 2,800 completions in the year, the accounts said, with net cash reaching £118.3m, up from £86.4m.
The firm paid down £70m in borrowings repayable after more than 12 months and dividends worth £5.3m were paid out, according to the accounts.
In a separate statement, Hill said: “These results reflect the outstanding work of our people and partners in what remains a challenging market.
“To surpass our previous record in a 12-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.”
The Essex-headquartered housebuilder’s development pipeline stands at more than 32,000 units, with 10,200 of that already granted planning permission.
The combined potential revenue of its controlled land bank is more than £12.5bn.
While the bulk of its work is in its partnerships and regeneration divisions, in the past year Hill Group entered the build-to-rent market for the first time.
It exchanged on two forward-funded agreements totalling 629 future homes split between sites in Stevenage in Hertfordshire, and Dagenham in east London.
Hill called for the government to take action to boost the housing market.
He said: “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.”
Source: Construction News