Hill’s revenue surpasses £1 billion

The Hill Group has surpassed revenues of £1 billion according to its latest financial results, with “record” profits achieved of £70.1 million.

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 pre-tax 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.

This is from an overall development pipeline of more than 27,000 homes. Hill’s controlled pipeline now represents £10 billion of potential future revenues, up from 2022’s £6.7 billion. It invested £155 million in new land against a previous £55.5 million.

Hill is marking its 25th anniversary this year. It has been working towards …