Delivering sustainable growth and superior returns from our balanced business model through the cycle with a commitment to quality and integrity.

Mixed-tenure model driving strong risk-adjusted returns

Our key resources

Differentiated, flexible business model

Partnerships

Low-risk model with high return on capital employed

Our Partnerships division applies our master planning and design capabilities in an urban environment, with public sector partners or through a mixed-tenure approach to accelerate delivery.

Significant visibility over production
  • Current land bank of 24,697 plots
  • Around eight years visibility at current production
  • Low planning risk
Established platform for growth
  • 98 active sites at 30 September 2019
  • 13,900 additional plots secured in 2019
  • Nine regional businesses creating a solid platform from which to grow
Strong pipeline of future work
  • Over 90,000 further plots identified as bid opportunities
  • Good track record winning bids
  • Significant market opportunity

Housebuilding

Established platform for growth with a strong pipeline

Our Housebuilding division applies our master planning and design capabilities predominantly on strategically sourced land through a plan-led approach to unlocking sites for development. These are often in partnership with private landowners or public sector partners in new garden communities.

Significant land bank in place
  • 24,303 plots owned or controlled in South East England
  • Greater scale and operational efficiency maintaining operating margins
  • 81% of the land bank has been strategically sourced
Established platform for growth
  • 39 active sites at 30 September 2019
  • Four operating regions with focus on strengthening in home counties
  • 6,975 additional plots secured in 2019
Regional infrastructure in place for growth
  • Improved efficiency from operational scale
  • Highly experienced management team

Our strategy for creating places people love

Delivering sustainable growth and superior returns from our balanced business model through the cycle with a commitment to quality and integrity.

Latest reports

Find out how we are delivering on our strategic priorities in more detail by
downloading the 2020 Annual Report.

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