Completions and revenue also up
Stonebond has reported a return to profit on the back of increased revenue.
Results for the year ended 30 November 2025 showed the Essex-based housebuilder’s revenue increased 38% from £143m to £197m.
After recording a pre-tax loss of £2.4m last year, the firm returned to a pre-tax profit of £2.3m.
Operating profit was also up, from £1.1m to £6m. This includes the impact of £0.28m in exceptional restructuring costs, but does not include its £0.18m share of profit from joint ventures.
Its completions also rose 41%, up from 459 to 649.
Stonebond operates across a large swathe of England, including the Home Counties, the East, Midlands, and North West regions, and has in recent years pursued a partnerships-led strategy.
Nine in ten of the properties it developed in the period were affordable homes delivered through pre-sold partnership schemes with housing associations, build-to-rent investors and local authorities. These partnerships generated 83% of its revenue.
The firm said its strong results were “underpinned by our resilient partnership led strategy delivering more affordable homes with our HA and BTR partners on our contracted schemes allowing us to continue to deliver on sites during a period when the private sales market remained suppressed”.
“We have achieved these results in the context of challenging wider market conditions, demonstrating the strength and resilience of the partnerships-led approach that is our specialism,” said Graham Cherry, chief executive of Stonebond
“The Group continues to grow and evolve, but our ambition remains unchanged: to be the first partner of choice for housing associations, local authorities, build-to-rent investors and other stakeholders.”
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