In a trading update, ahead of the publication of its full year results in March 2026, ongoing subdued transaction activity and wider economic uncertainty have been blamed for a lag in performance.

This has led, in part, to Henry Boot entering 2026 with a lower forward sales position across the group.

Henry Boot also revealed it ended the year with net debt of £108m, up from the £62.7m at the end of 2024. This reflected an acceleration in planning applications and the growth of its land bank, taking gearing above the preferred 10-20% range.

In the year, Henry Boot’s Hallam Land business achieved a record 3,967 residential plot sales, up from the 2,661 sold in 2024.

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Consent was secured for 4,159 plots, which was up from 2,982.

During the year, Henry Boot increased its ownership of Stonebridge Homes but the housebuilder’s completions were down. In 2025, Stonebridge completed 185 homes which was “significantly below” the group’s expectation of at least 240 units.

This has pushed Henry Boot to replace Stonebridge's managing director and implement cost savings.

“While market activity remains subdued, the fundamentals of our three key markets remain compelling, and we are well placed to benefit from the significant opportunities we have been building up within our portfolio, supported by a strong balance sheet and a disciplined approach to investment,” said Tim Roberts, CEO at Henry Boot.