The Hill Group Reports Record £92.5 Million Profit and £1.16 Billion Revenue Amid Market Challenges
The Hill Group has announced a record-breaking financial year ending 31 March 2026, with profits rising to £92.5 million and revenue reaching £1.164 billion. Despite a restrained housing market, the award-winning housebuilder completed 3,329 new homes, marking an increase in turnover, profit, and completions compared to the previous year.
Net assets climbed to £493.1 million, while net cash increased to £129.1 million, with no utilisation of the Group’s Revolving Credit Facility. This financial strength reflects the resilience of Hill’s diversified operating model and the successful execution of the first year of its five-year growth strategy. The company’s land and work-in-progress holdings rose to £733.9 million as it retained the majority of annual profits to fund future expansion.
During the year, Hill invested £54.6 million in new land acquisitions and strategic opportunities, with an additional £44.1 million committed for future investments. The Group’s development pipeline comprises 10,800 homes with planning consent and 1,900 homes controlled subject to planning. Its long-term strategic pipeline includes 29,900 homes owned or controlled through option and promotion agreements, collectively representing potential future revenue exceeding £14.5 billion. The contracting pipeline also expanded to over £5.6 billion, up from £4.8 billion the previous year.
Andy Hill OBE, Founder and Group Chief Executive, stated: “These results demonstrate the resilience of our business model and progress towards our long-term objectives. In a restrained market, we have continued to increase turnover, profit and completions while investing in future opportunities. Our contracting business continues to expand, and we remain confident in long-term demand for the high-quality homes that Hill has always been known for.”
In December 2025, the Group enhanced its financial flexibility by refinancing its Revolving Credit Facility with major lenders. The new £300 million facility extends through to 2030 and maintains its Sustainability Linked Loan status, underscoring Hill’s commitment to environmental and social value goals.
The Group navigated an uncertain sales market with average selling prices of £520,000, influenced by a shift in product mix as two-thirds of completed homes were apartments located in London, Cambridge, and Oxford. Hill’s Build-to-Rent (BTR) operations also matured, with numerous BTR homes completed and handed over across the South East and London.
Although some high-rise projects in London experienced delayed starts due to prolonged Building Safety Regulator approvals, construction activity improved during the year. Major regeneration projects such as City Centre South in Coventry, and Dollis Hill and Wembley in northwest London, advanced to the construction phase. Additionally, Hill secured a significant strategic land opportunity at Colworth in Bedfordshire, with the potential to deliver 4,500 new homes.
The Group’s workforce grew to approximately 1,000 employees, and it launched its Social Value Strategy 2025-2030. Hill also retained its five-star rating in the Home Builders Federation’s National New Homes Customer Survey for the ninth consecutive year.
Andy added: “While market conditions remain challenging and economic uncertainty continues to impact buyer confidence, we remain optimistic about the future. Recent commitments to affordable housing investment provide greater certainty for the sector, and with a substantial strategic pipeline, a growing order book and an exceptional team in place, we are well positioned to deliver the ambitions set out in our 2025-2030 business plan.”
The Hill Group is the second-largest privately owned housebuilder in the UK and the only top 10 housebuilder whose CEO has dedicated his entire career to the industry. It remains a family-run business, with Andy Hill as CEO, Greg Hill as Deputy CEO, and Tom Hill serving as Managing Director of its Investment Partnerships business.
Partnership-led delivery with local authorities remains central to Hill’s business model, accounting for approximately 50% of its operations. Affordable housing is a key focus, representing two-thirds of all homes completed in 2025/26.
In June 2026, Hill completed the landmark acquisition of Cambridge East in collaboration with Homes England. This strategic site is set to become one of the UK’s largest urban extension projects, delivering over 10,000 homes and at least 3 million square feet of commercial space. The Group is committed to fostering mixed, inclusive neighbourhoods that promote social equality and community thriving.
