Our mixed-tenure model and track record of collaborative working with partners means we are well placed to meet the demand for good quality housing across the UK.




(2020: 4,053)

Strong growth

significant opportunity for multi-year double digit volume and profit growth from new and existing regions in the UK market


tangible net operating assets

Investment in assets

we have a well invested platform for significant profitable growth


return on capital employed

(2020: 7.1%)

Attractive return on capital employed

driven by a capital light and mixed-tenure approach to delivering housing with a target ROCE of 40%+


social value generated 16% of adjusted revenue

Social impact

through our enhanced Private Rental Sector (“PRS”) and affordable homes delivery, resulting in creation of mixed and balanced communities with development at pace


net cash

(2020: £98m)

Focused capital structure

strong cash generation, clear capital allocation policy and prudent balance sheet


MMC unit capacity from our factories

A sustainable business model

that takes a long-term view of our business, values our partners needs and leverages our modular panel factories

Annual report


Sustainability report

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