The Hill Group

The Hill Group registers record 12% increase in turnover

The Hill Group has achieved a record turnover of £651m in 2020, a 12% increase on the previous year.

The housebuilder completed 1,960 homes and achieved profits of £44.3m during this period.

It maintained a strong balance sheet, with over £138m net cash, £224m net assets and no borrowings, putting it in a good position for further investment.

The group’s current land bank includes over 6,700 homes, with a pipeline of opportunities that could deliver a further 9,400 homes.

While the company said that Covid-19 caused difficulties for all parts of the business, it is on track with its five-year strategy of doubling turnover and profitability in the period up to 2025.

It also aims to reach net zero carbon in business operations and the homes it builds by 2030, as well as achieve Biodiversity Net Gain (BNG) across its portfolio of land from 2021 onwards.

In addition, the business looks to measure its social value gain and report on it, setting targets for 2022 and beyond.

The output of all of Hill’s work will be captured in an annual ESG report, the first of which will be published in 2022.

In 2020, The Hill Group expanded its geographical reach by launching a new division in the South West to focus on Bristol and surrounding areas.

Andy Hill, CEO at The Hill Group, commented: “I am very proud of this strong set of financial results, but what has brought me the most pleasure is seeing how our team has weathered different challenges throughout the year. 

“We have invested in our people, pipeline, and new technologies to increase our capabilities and lay the foundations for our next stage of growth.

“We take a long-term approach when making our strategic business decisions, allowing us to adapt or modify in the short term as required by customers and clients, without losing sight of our wider vision: to be the UK’s most trusted housebuilder, creating exceptional homes and sustainable communities in the Hill way.

“We have a lot to be proud of and we are well positioned to make the most of market conditions in years to come.”

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