For the year ending 31st July 2025, Essex-based Higgins Group has reported a 51% increase in turnover to 拢315.1m (2024: 拢208m), with profit before tax at 拢1.05m (2024: 拢0.28m).
Higgins Partnerships also reported an increase in turnover of 48% to 拢303m (2023/2024: 拢204.7m), with profit before tax remaining strong at 拢8.94m (2024: 拢9.1m).
The period saw the business secure four new build projects and three remediation schemes across London and the Home Counties. Despite a challenging sales market, Higgins Homes sold all available properties across its developments within the year. Alongside this, the business secured positions on seven frameworks to deliver a diverse pipeline of new build housing, remediation and maintenance work.
The cash in bank position at year-end increased to 拢24.9m (2024: 拢9.4m) while overall debt was reduced by 拢20m to 拢14.7m as the business sold well across remaining homes.
Chief executive Declan Higgins said: 鈥淭he group鈥檚 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.
鈥淲e have a strong, diverse future workload with a secured order book in excess of 拢1.1bn and a development pipeline, including land under our control, capable of generating income in excess of 拢600m.鈥�
During the year Higgins Partnerships experienced a predominantly 鈥榖uild year,鈥� with many projects scheduled for completion in the 2026 financial year and beyond. As such, a total of 189 homes were completed across three new build projects (2024: 520 homes across eight projects), together with the delivery of three specialist works projects. Spending on rectification works totalled 拢7.3m. The closing total of remaining provisions remains at 拢3.9m.
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