- Record revenues of £1,151.9 million, and profit before tax of £90.5 million
- Now ranked in the top 10 UK housebuilders by revenue
- 2,811 new home completions
- £431.8 million balance sheet
- Successful completion of five-year strategy set out in 2020
Award-winning housebuilder The Hill Group has published its financial results for the year ending 31 March 2025, delivering record turnover and profit for the second consecutive year. The Group reported revenues of £1,151.9 million and profit before tax of £90.5 million, having completed over 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.
The Group’s performance reflects the continued strength and balance of its diversified operations. 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. Both transactions add scale and resilience to the Group’s development model and reflect growing institutional confidence in Hill’s high-quality delivery.
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 facility by year-end. The housebuilder’s development pipeline now comprises over 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 £12.5bn 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 31 March 2024.
Andy Hill OBE, founder and Group Chief Executive of The Hill Group, comments: “These results reflect the outstanding work of our people and partners in what remains a challenging market. To surpass our previous record in a twelve-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.
Looking ahead, The Hill Group is entering the next phase of its growth journey with the launch of a new five-year business plan (2025-2030). The plan reaffirms Hill’s commitment to partnership-led development and mixed-tenure housing while setting a clear trajectory for further growth across its existing regions and sectors such as Build-to-Rent, Estate Regeneration and New Towns.
Andy Hill adds: “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.”
