Our business model

Over the last eleven years we have established a highly professional and scalable business model to become the market leader in taking large-scale blocks of raw land and transforming them into high quality, sustainable communities within which a wide range of housebuilders wish to acquire and build out serviced land parcels and people want to live. 

Our key resources

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Land

Large scale unbroken blocks of land within 100 miles of London are the essential foundation of our Master Developer model with smaller scale sites targeted by our Catesby business.

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Employees

Our growing team has significant expertise throughout all elements of acquisition, funding, planning, development, project management, community engagement and estate management.

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Funding

Our Strategic Sites and Catesby business are underpinned by our returns and strongly supportive shareholder together with long-dated funding provided by Homes England.

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Partners

Large scale sites require long-term trusted partnerships with a wide range of stakeholders. Our hard earned reputation and demonstrable track record of delivery allow projects to progress with a shared belief and expectation.

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Leadership

We consistently search for better, more efficient and more sustainable ways of doing things, and are proud to be judged by our quality and stakeholder support.

Our Strategic Sites portfolio

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Returns

We are focused on delivering stakeholder returns across a range of financial and non-financial metrics.

£126.0m

contracted minimums at 30 Sep 2021

1,219

plot completions for 2021

£97.3m

cash generation from plot completions for 2021

£40.0m

gross profit (including share of capital JVs) for 2021

379.7p

EPRA NAV per share for 2021

137p

large site discount per share at 30 Sep 2021

20.1%

gearing - EPRA NAV basis at 30 Sep 2021

£514.8m

EPRA NTA at 30 Sep 2021

underpinned by

Our values
Quality

we deliver places, environments and outcomes of which we are proud.

Integrity

we keep our promises and do the right things.

Passion

we love what we do and always strive to do it ever better.

Partnership

we build strong, lasting relationships based on trust and shared values

Innovation

we are unafraid to do things differently.

 
Our sustainability capitals