Housebuilder The Hill Group has reported record turnover and profit for the second year running.

In its financial results for the year ending March 31, 2025, the group reported revenues of £1,151.9 million and profit before tax of £90.5m, having completed more than 2,800 new homes across its operations.

The results confirm Hill’s place among the top 10 UK housebuilders by revenue and mark a successful culmination of the company’s five-year business plan set out in 2020.

Hill Residential saw steady demand across its developments despite market uncertainty. Sales rates improved during the final quarter of the year, with an average selling price of £613,000, and positive momentum continuing as the business entered its current financial year with 40 per cent forward sales.

Hill Partnerships, which delivers affordable housing on behalf of 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.

Growth was further supported by Hill’s successful entry into the Build-to-Rent market, with two major forward-funded deals secured during the year. The group agreed on contracts for 264 homes at Nexus, Stevenage, and a further 365 homes at Dagenham Green in partnership with Peabody.

Hill invested £77.9m in new land acquisitions during the year, bringing its total land and work-in-progress holdings to £638.9m.

Net assets increased to £431.8m and net cash rose to £118.3m, with the group fully repaying its revolving credit by the year-end. The housebuilder’s 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 over £12.5 billion in future gross development value. In addition, the group’s contracting pipeline rose to £4.8bn, up from £3.7bn last year.

The financial accounts for 2024/25 represent another period of record-breaking performance. In 2023 the company surpassed revenues of £1bn for the first time, with record profits before tax of £70m from revenues of £1.15bn for a 15-month period ended March 31, 2024.

Andy Hill, founder and group chief executive of The Hill Group, 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. As we report on our 25th year of business, I couldn’t be prouder of what we’ve accomplished together.”

The Hill Group expanded its activities by securing major regeneration projects in London, Bristol and Coventry and strengthened its joint venture partnerships with a number of registered providers. Internally, Hill continued to invest in the growth of its business, welcoming 40 new graduate trainees during the year, doubling the previous intake, and making several senior promotions and strategic new hires.

Sustainability and social impact remained core priorities, with Hill achieving its first-ever Gold award in the NextGeneration ESG benchmark, rising from fifth to third place overall and consolidating its position as the highest-rated privately owned housebuilder in the UK, a title it has held for four years.

The group also made further progress in its Foundation 200 initiative to deliver modular homes for people experiencing homelessness and expanded its implementation of the Government’s Released on Temporary Licence scheme to support rehabilitation through site-based employment.

The group is entering the next phase of its growth with the launch of a new five-year business plan (2025-2030).

Andy Hill added: “With 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.”

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