For the 12 months finishing thirty first July 2025, Essex-based Higgins Workforce has reported a 51% building up in turnover to £315.1m (2024: £208m), with benefit sooner than tax at £1.05m (2024: £0.28m).
Higgins Partnerships additionally reported an building up in turnover of 48% to £303m (2023/2024: £204.7m), with benefit sooner than tax ultimate robust at £8.94m (2024: £9.1m).
The length noticed the trade protected 4 new construct initiatives and 3 remediation schemes throughout London and the House Counties. Regardless of a difficult gross sales marketplace, Higgins Properties offered all to be had houses throughout its tendencies inside the 12 months. Along this, the trade secured positions on seven frameworks to ship a various pipeline of latest construct housing, remediation and upkeep paintings.
The money in financial institution place at year-end higher to £24.9m (2024: £9.4m) whilst total debt used to be decreased by way of £20m to £14.7m because the trade offered smartly throughout ultimate properties.
Leader govt Declan Higgins stated: “The crowd’s skill to care for profitability in a hard marketplace demonstrates the power of our trade and the standard of our construction pipeline. By means of responding successfully to converting stipulations, the gang has persevered to ship enlargement.
“We now have a powerful, numerous long term workload with a secured order e book in far more than £1.1bn and a construction pipeline, together with land underneath our keep an eye on, in a position to producing source of revenue in far more than £600m.”
All over the 12 months Higgins Partnerships skilled a predominantly ‘construct 12 months,’ with many initiatives scheduled for of entirety within the 2026 monetary 12 months and past. As such, a complete of 189 properties have been finished throughout 3 new construct initiatives (2024: 520 properties throughout 8 initiatives), along with the supply of 3 specialist works initiatives. Spending on rectification works totalled £7.3m. The remaining overall of ultimate provisions stays at £3.9m.
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