Hill Holdings Limited turned over 拢716m in 2022, down from 拢753m in 2021. Pre-tax profit was steady at 拢65.6 (2021: 拢65.1m).
Founder, owner and chief executive Andy Hill said that the results showed the company 鈥渞esilience and position for sustained long-term success鈥�.
The target of 拢1.25bn turnover in 2025 (compared to 拢650m in 2020) remains on track, he said.
In 2022 Hill completed 2,203 new homes and grew its development pipeline to 8,500 units. Hill鈥檚 accounts show a 拢315m land bank of more than 12,300 homes, representing 拢4.6bn of future income, and a balance sheet of 拢322m together with net cash of 拢132m. A 拢220m development funding facility with four high street banks remains untouched.
Construction started in London last year on a 10-year regeneration programme at the DBP Estate in Colindale. In Brentford, West London, it began construction of 441 new homes at Kew Bridge Rise, the site of a former Citroen garage in the Brentford regeneration area.
It also has developments in Bristol and Coventry.
Andy Hill said: 鈥淥ur strong performance over many years has been built on a mission to be the UK鈥檚 most trusted housebuilder, creating exceptional homes and sustainable communities. I am confident this outlook will continue to bring us success in the years to come. Our diversified business model and strong development pipeline, along with our resilience to short-term economic impacts, means we are well-positioned to maintain a positive trajectory and achieve our five-year business targets.鈥�
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