The Hill Group has reported record profit and turnover for the second consecutive year, and is now ranked among the top 10 UK housebuilders by revenue.
In its financial results for the year ending 31 March 2025, Hill recorded revenues of £1,151.9million and pre-tax profit of £90.5million. During the period, the group completed 2,800 new homes across its operations.
Hill said that the Group saw strong performances across its diversified operations. Hill Residential saw steady demand across its developments despite market uncertainty. Sales rates improved during the final quarter of the year, with an average selling price of £613,000, and positive momentum continued as the business entered its current financial year with 40% forward sales. Hill Partnerships, which delivers affordable housing on behalf of Registered Providers and Local Authorities, outperformed expectations with the London and Special Projects divisions seeing high levels of activity. Activity levels in the northern and southern home counties also increased in the year.
During the period, Hill entered the Build-to-Rent market for the first time, with two major forward-funded deals secured during the year. The Group agreed on contracts for 264 homes at Nexus, Stevenage, and a further 365 homes at Dagenham Green in partnership with Peabody.
Hill invested £77.9million in new land acquisitions during the year, bringing its total land and work-in-progress holdings to £638.9million. Net assets increased to £431.8million and net cash rose to £118.3million, with the Group fully repaying its revolving credit facility by year-end. The housebuilder’s development pipeline now comprises over 32,000 homes, including 10,200 with planning consent and a further 1,500 controlled on a subject to planning basis. The longer-term strategic pipeline includes 20,300 units in strategic control. The pipeline is forecast to generate over £12.5billion in future gross development value. In addition, the Group’s contracting pipeline rose to £4.8billion, up from £3.7billion last year.
Andy Hill OBE, founder and group chief executive of The Hill Group, commented: “These results reflect the outstanding work of our people and partners in what remains a challenging market. To surpass our previous record in a twelve-month period is a fantastic achievement and a real credit to the strength of our business model, the quality of our homes, and the determination of everyone across the Group. As we report on our 25th year of business, I couldn’t be prouder of what we’ve accomplished together.”
The Hill Group expanded its activities by securing major regeneration projects in London, Bristol and Coventry, and strengthened its joint venture partnerships with a number of Registered Providers. Internally, Hill continued to invest in the growth of its business, welcoming 40 new graduate trainees during the year, doubling the previous intake, and making several senior promotions and strategic new hires.
Looking ahead, The Hill Group is entering the next phase of its growth journey with the launch of a new five-year business plan (2025-2030). Hill says that the plan reaffirms its commitment to partnership-led development and mixed-tenure housing while setting a clear trajectory for further growth across its existing regions and sectors such as Build-to-Rent, Estate Regeneration and New Towns.
Andy Hill added: “With a robust pipeline, a strong balance sheet and an experienced team, we are starting the next chapter of our journey with real momentum. As we invest and scale for growth, we cannot ignore the structural issues within the current housing market. We urge the government to take bold action by accelerating planning decisions, assisting with solutions to fund increased affordable housing going forward, and introducing targeted measures to support first-time buyers. Hill stands ready to play its part in meeting the ambition for 1.5 million new homes over the next Parliament.”
