Hill Holdings Limited turned over آ£716m in 2022, down from آ£753m in 2021. Pre-tax profit was steady at آ£65.6 (2021: آ£65.1m).
Founder, owner and chief executive Andy Hill said that the results showed the company “resilience and position for sustained long-term successâ€.
The target of آ£1.25bn turnover in 2025 (compared to آ£650m in 2020) remains on track, he said.
In 2022 Hill completed 2,203 new homes and grew its development pipeline to 8,500 units. Hill’s accounts show a آ£315m land bank of more than 12,300 homes, representing آ£4.6bn of future income, and a balance sheet of آ£322m together with net cash of آ£132m. A آ£220m development funding facility with four high street banks remains untouched.
Construction started in London last year on a 10-year regeneration programme at the DBP Estate in Colindale. In Brentford, West London, it began construction of 441 new homes at Kew Bridge Rise, the site of a former Citroen garage in the Brentford regeneration area.
It also has developments in Bristol and Coventry.
Andy Hill said: “Our strong performance over many years has been built on a mission to be the UK’s most trusted housebuilder, creating exceptional homes and sustainable communities. I am confident this outlook will continue to bring us success in the years to come. Our diversified business model and strong development pipeline, along with our resilience to short-term economic impacts, means we are well-positioned to maintain a positive trajectory and achieve our five-year business targets.â€
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