<p>Hill achieved “record” revenue of £753 million in 2021, with the company evolving into a “highly productive and resilient organisation, primed for continued growth”, it said today (May 3).</p> <p>Reporting on its financial accounts for the year ending 2021, the privately-owned housebuilder said its revenue improved 15% on 2020; in 2019 this stood at £583 million. Its pre-tax profit rose 47% against the previous year to £65.1 million (2019: £42.6 million).</p> <p>During the period, the housebuilder completed 2,318 homes. This is up from 2020’s <span>1,960 and 2019’s 1,800</span><span>. </span><span>It currently has </span>a “healthy” 8,300 homes in its development pipeline.</p> <p>The business said it was “well-placed” to deliver on its five-year business plan to increase turnover to £1.2 billion by 2025. Its “strong” balance sheet shows £163 million of net cash, with net assets rising 22% on 2020 to £273 million (2019: £196 million).</p> <p>Hill also stated that in the past year, it had made various structural changes to create a platform “for sustainable growth, with substantial headroom in financial and operational capacity for continued growth in the pipeline”. In December 2021 it issued a £220 million <a href="https://www.house-builder.co.uk/news/news-sustainability-linked-loan-hill">sustainability-linked loan (SLL),</a> with interest tied to the housebuilder’s sustainability performance. This was …