[ad_1]
Partnerships again proved the engine of the London and Home Counties business, generating £303m revenue and a near-£9m pre-tax profit as the contractor steered through a tough housing market with a healthy mix of regeneration, remediation and new build work.
The division spent much of the year in heavy build phase, with the bulk of major completions now scheduled to land in 2026. Rectification spending rose to £7.3m as the business continued to address legacy compliance issues, leaving £3.9m of provisions on the books.
The wider group continued its steady profit recovery, with pre-tax earnings climbing from £280,000 to £1.05m in the year to July 2025.
Cash in bank jumped to £25m from £9m, while total debt fell by £20m to £15m as Higgins Homes sold out all remaining units across its schemes.
Group chief executive Declan Higgins said: “The group’s ability to maintain profitability in a difficult market demonstrates the strength of our business and the quality of our development pipeline. By responding effectively to changing conditions, the group has continued to deliver growth.
“We have a strong, diverse future workload with a secured order book in excess of £1.1bn and a development pipeline, including land under our control, capable of generating income in excess of £600m.”