We are a leading UK home builder and regeneration partner with two balanced businesses; Housebuilding and Partnerships. Our mixed-tenure approach to creating communities in both divisions has delivered strong growth in completions.

 

Partnerships

Our Partnerships division specialises in regeneration of public sector land, delivering private and affordable homes in partnership with local authorities and housing associations. It operates in outer London, the West Midlands and North West England.

A ff o r dable 33% Private 67% 1,276 Homes

Housebuilding

Our Housebuilding division develops private and affordable homes on land owned or controlled by the Group, located in outer London and the Home Counties. It operates under the Countryside and Millgate brands.

Where we operate

Partnerships

Adjusted revenue
£634.8m

Adjusted operating profit
£110.6m

Our Partnerships model benefits from huge market opportunities. It is a resilient, low-risk, low-capital model where we develop projects in partnership with local authorities and housing associations.

84%
Return on Capital Employed

29,878
plots in our Partnerships land bank

Balanced businesses

We have a balanced business with two differentiated, complementary divisions and a clear strategy for growth over the medium term. The Partnerships model complements the Housebuilding division with a low risk, capital-light model building homes on public sector land, typically local authority estate regeneration and brownfield sites.

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Housebuilding

Adjusted revenue
£594.7m

Adjusted operating profit
£109.6m

Our Housebuilding division made good progress with operational efficiency, with a 180bps growth in margin and 410bps improvement in Return on Capital Employed.

85%
of the land bank is strategically sourced

19,778
plots in our Housebuilding land bank

Key facts and figures 2018

Completions (units)
4,295

Adjusted operating profit
£211.4m

Adjusted operating margin
17.2%

RETURN ON CAPITAL EMPLOYED
37.1%

Understanding Countryside

Since Countryside was founded in 1958, we have maintained a belief that placemaking is more than geography. It is both a practice and a philosophy. A place to us is as much about the feeling people experience in our homes as it is the physical buildings. We recognise that choosing a place to live is just as much an emotional decision as a financial one. As we enter the next phase of growth, our philosophy remains unchanged. We have secured a leading position, with our strategic land and relationships with regeneration partners, that helps create a distinct advantage in the market and long-term growth for our business.

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