Rob Perrins, leader government of Berkeley Workforce Holdings, is to transform government chair of the board in September, topic to shareholder approval.
Rob Perrins, a chartered accountant, has been with Berkeley since 1994, becoming a member of the board as finance director in 2001. As founder Tony Pidgley’s protégé, Perrins succeeded him as leader government in 2009.
However whilst rival quantity house-builder Vistry has opted to flout the United Kingdom Company Governance Code by way of combining the jobs of chair and leader government officer in one person, Greg Fitzgerald, Berkeley is protecting the jobs separate. Richard Stearn, finance director since 2015, will transform leader government when Perrins strikes up.
Michael Dobson, Berkeley’s present chairman, will step down from the board on the conclusion of the corporate’s AGM on 5th September 2025.
The announcement of Perrins’ promotion got here as the corporate printed its accounts for the yr to thirtieth April 2025, which confirmed pre-tax earnings of £528.9m (2024: £557.3m).
Income of £2,486.5m within the yr (2024: £2,464.3m) incorporated £2,432.2m of residential earnings (2024: £2,395.7m, £14.8m of industrial earnings (2024: £47.2m) and £39.5m of land gross sales (2024: £21.4m).
Perrins mentioned that the provision chain used to be absorbing lots of the ache in the case of emerging prices. “For Berkeley, construct prices have remained solid over the process the yr,” he mentioned. “The slow home financial backdrop, with low housebuilding and wider building task, is main subcontractors to soak up underlying inflationary power on fabrics and labour inside of their comfortable pricing. As we glance ahead, Berkeley expects this dynamic to proceed as subcontractors position price on securing the ahead orders in a susceptible marketplace.”
At the previous yr’s buying and selling efficiency, Perrins mentioned: “Berkeley has delivered £528.9m of pre-tax benefit for the yr, with internet money at £337.3m, regardless of ongoing geopolitical and macroeconomic volatility. With over 75% of gross sales secured for the approaching yr, we’re well-placed to reach our FY26 pre-tax benefit steerage of £450m.
“This represents a very good operational efficiency with extremely disciplined execution and shut keep watch over of prices. Now we have added long-term price to the industry, each in our land holdings and thru our construct to hire (BTR) platform, whilst returning £381.5m to shareholders; an ideal begin to the Berkeley 2035 technique.
“There’s just right underlying call for for our houses, with transaction volumes regularly bettering over the process the yr. On the other hand, client self assurance stays finely balanced and a extra significant restoration calls for each advanced sentiment and macroeconomic balance.”
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