Hill increases profit and turnover despite building safety approval delays

Hill Group has reported increased profit and record turnover.

The housebuilder, in its annual results, reported turnover of £1.16bn for the year to 31 March, up marginally on the £1.15bn reported for the previous year. The firm increased its completions by 18% to 3,329, while its pre-tax profit rose from £90.5m to £92.5m.

The Essex-based housebuilder said its total private completions through its Hill Residential division rose by 39% but its average selling price fell from £613,000 to £520,000 due to it building a greater proportion of homes as apartments in London, Cambridge and Oxford.

It said its partnerships business saw a number of projects delayed due to time taken to get approval from the Building Safety Regulator under the new ‘gateway’ system for high-rise buildings.

It said: “Hill Partnerships had a satisfactory year, however adversely affected by delayed starts on a number of high-risk buildings in London caused by protracted gateway approval processes.”

Andy Hill, founder and group chief executive of Hill Group said the firm is “well positioned” to deliver on its ambition to double turnover to £2.3bn by 2030.

The firm added 10,000 homes to its development pipeline in the year, spending £54.6m on new land and committing to pay a further £44.1m. Its year end work in progress rose from £638.9m to £733.9m.

Its development pipeline stands at over 42,000 units, with around 10,800 homes with planning approval. It said its longer-term strategic pipeline includes 29,900 units owned or controlled under option or other promotion agreements

Last December 2025 Hill refinanced its revolving credit facility (RCF) with NatWest, Lloyds, HSBC and Santander for the fourth time, increasing it £300m extended to December 2030.

Its net cash at the end of the year was £129.1m, up from £118.3m, with no borrowings from the RCF.

In June 2026, Hill completed the acquisition of Cambridge East with Homes England. The site is planned to deliver more than 10,000 homes and 3 million sq. ft. of commercial space.

Hill Group last year placed ninth in Housing Today’s Top 50 Housebuilders list, which ranks firms by turnover.

Top 50 Housebuilders list, which ranks firms by turnover.