Hill achieves a 12% increase in revenue

During a challenging year, the Essex based Housebuilder, Hill Group have achieved a “record” turnover in 2020, with their revenue rising by 12% compared to 2019 to £651 million. Alongside this, their pre-tax profit rose by 4% to £44.3 million and 1,960 homes were completed in 2020, in comparison to 1,800 the previous year. At present, they have a landbank of more than 6,700 homes, with a further 9,400 in the pipeline.

With no borrowings and £224 million of net assets, Hill are in a “robust position for further investment in its future development pipeline” and have seen an increase in net cash profit from £60.5 million in 2019, to £138 million in 2020.

They are on track with their five-year strategy to double turnover and profitability by 2025 and furthermore, have developed an Environmental, Social and Governance strategy to improve their sustainability, which will “underpin the company culture and values”.

They hope to reach net zero carbon in business operations and homes its builds by 2030 and has committed to achieving biodiversity net gain across its portfolio of land from this year.

James Thomson, Gleeson’s ceo, said: “This scheme fits perfectly with the Gleeson model and I will be delighted if we can help armed forces personnel find their first home. In addition to the financial and practical support from FPD, we will also provide our key worker offer, meaning this is a very attractive offer for new home owners.”

Steve Matthews of Forces Property Direct, commented: “We are delighted with the addition of Gleeson to our panel of developers that support the British Military through our free service; their competitive price point and excellent reputation will be welcomed by our military families looking for help securing their forever home.”

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