The company’s year was dominated by the growth of its modular housing concept House, with 43 properties at the first scheme in New Islington selling out.

A second wave of such properties was released during the year at Irwell Riverside in Manchester and Smith’s Dock in North Shields.

Since the conclusion of the accounting period, Irwell Riverside has fully sold out and Urban Splash has extended its interest in modular housing with the acquisition of the House factory, assets, trade and 68 staff from SIG Building Systems.

Tom Bloxham, chairman at Urban Splash, said it was a big advocate of the use of modular technology to create better-designed, affordable and more efficiently created homes in the UK.

•   Apex Housing Group secures £6.25m investment
•   Homes England funds SME developer's custom-build project
•   Berkeley secures planning for modular housing factory

“It’s been a hugely exciting year for us at Urban Splash as this area of our business has grown so significantly; we already have plans to deliver further sites, including at Wirral Waters in Merseyside, Campbell Park Northside in Milton Keynes and Port Loop in Birmingham.”

Urban Splash also maintained its commitment to regeneration after investing from its own balance sheet during the year on schemes including Avro in Manchester: 31 loft-style apartments in an undeveloped Victorian mill.

The company also partnered with Places for People, with whom it is involved with schemes including Campbell Park in Milton Keynes, Port Loop in Birmingham, Smith’s Dock in North Shields, Park Hill in Sheffield and Lakeshore in Bristol.

Collectively, the schemes comprise more than 2,000 homes.

Tom added: “I am very proud of what we have achieved with the help of all our partners and our dedicated staff, and so far we are celebrating our silver anniversary, but have no intention of going into our golden years just yet.”