Housebuilder backed by private equity firm Alchemy Partners ‘on target’ to build 750 homes in 2026

Honey has said it will report turnover of £71.2m in its first full year’s results later this year.

The housebuilder, which is backed by private equity firm Alchemy Partners, said it has completed 288 legal completions across its 10 live sites in Yorkshire and the Midlands in the year to 31 December.

Brand builder - Honey chief executive Mark Mitchell (pictured at one of the housebuilder's developments)

Mark Mitchell, founder and chief executive of Honey 

The turnover figure outlined in an unaudited update today if confirmed would put the new housebuilder in Housing Today’s Top 50 Housebuilder list later this year. The table ranks firms by total revenue.

Honey said it is also on target to build 750 homes in 2026 and then 1,000 homes in 2027 which would put it in the top 20 housebuilders by completions. It said it has negotiated £160m of secured bank facilities, providing the “financial firepower” to achieve this.

The Sheffield-based firm said that as of this week it has secured 29 sites that will deliver 4,371 homes with a combined gross development value of £1.3bn.

Mitchell said: “Our performance has been driven by smart land acquisition, building a distinctive brand and delivering homes which provide the best combination of style, substance and sustainability at their price points.”

Honey’s full year results are expected to be published before the end of March.