The family-run housebuilder’s net turnover increased by 21% from last year’s results, while its net worth increased from £73.5m to £99.6m.

Hill also reported that its pipeline had grown by 27% to £1.4bn delivering 3,200 homes.

This growth was underpinned by some major developments coming on stream, including a project at the University of Cambridge.

The results follow news that Hill has entered into further joint ventures with housing associations and earlier this year it signed its largest joint venture deal to date with Peabody to develop two sites in east London with a combined gross development value of £350m.

“Our excellent results are testament to the determination and expertise of our growing team,” said Andy Hill, group chief executive (pictured above, centre).

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“Together we have firmly established ourselves as one of the top 15 housebuilders in the country with a reputation for delivering high-quality, distinctive homes.

“This year has been truly record breaking and I am proud of the work we have completed together.”

Hill’s 2020 strategy is to increase the number of homes it completes to in excess of 2,500 per year by the end of the decade as it intends to grow turnover to £850m with profits approaching £100m.

“These successes show we are on track to meeting our ambitious growth strategy for 2020,” Andy added.

“We are continuing to invest in our staff to ensure that we have the right pipeline of talent and skills needed to deliver a growing volume of high-quality homes.

“Our recent high-profile regeneration projects, including Fish Island Village and the Stonebridge estate, combined with our secured pipeline show we are cementing our position as one of the UK’s largest private housebuilders.”