"Achieving revenues in excess of £1.1billion and record profits is an important milestone for The Hill Group, which together with our strong balance sheet and impressive development pipeline, positions us for further sustained growth in the years to come"
- Andy Hill OBE -
During the 15 months ending March 31 2024, the partner-focused housebuilder reached a revenue of £1,145.9 million against the previous year’s £716.1 million. Its achieved profit was £70.1 million, up from 2022’s £65.6 million.
The business extended its reporting period from the end of the 2023 calendar year to align with the year-end of “many” of its joint venture partners. It said that joint ventures had become a “significant pillar” of Hill’s recent success “and this alignment will further enhance the group’s continued growth”.
During the extended period, Hill delivered 2,886 homes, down from the previous year’s 2,203. Hill pointed out that it had “considerably” expanded its development pipeline, now standing at 12,900 homes with detailed or outline planning permission.
Andy Hill OBE, founder and group CEO, said: “These outstanding results, recorded during a challenging political and economic market, are a testament to the resilience of our business, the high quality of our developments, and most importantly the dedication of all our staff and supply chain partners.
"Achieving revenues in excess of £1.1billion and record profits is an important milestone for The Hill Group, which together with our strong balance sheet and impressive development pipeline, positions us for further sustained growth in the years to come.
“With these excellent results, we are on course to surpass the targets we set ourselves for this current business cycle, and as we begin plotting new heights to reach over the next five years, we are well-positioned to continue delivering exceptional value to our stakeholders.”
