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  • Established in 1886, we are one of the UK’s leading land promotion, property investment and development, and construction companies.

  • WE ARE A PURPOSE-LED ORGANISATION

    Empowering and developing our people sits at the core of our being. This focus shapes our values and behaviours and is also a key aspect of our strategic priorities. Being purpose-led enables us to create long-term value for its stakeholders and ultimately achieve our vision.

  • Our Strategy

    Our Purpose

    To empower and develop our people to create long-term value and sustainable growth for our stakeholders.*

    Our Values

    Our Purpose Leads us to Our Vision

    Our people, partners and communities continue to trust our reputation, respect our expertise and value us for our forward-thinking approach.

    Safety

    To provide a safe place to work in all of the markets we operate in.

    Download the PDF of the Strategy in Action: Our Strategy

    People

    Recruit and retain employees who are empowered to deliver the growing business we aspire to be.

    Download the PDF of the Strategy in Action: Our Strategy

    Growth

    To grow net assets, increasing opportunity for the long term.

    Download the PDF of the Strategy in Action: Our Strategy

    Delivery

    Invest in all our business segments to achieve short term delivery.

    Download the PDF of the Strategy in Action: Our Strategy

    Respect

    We think about what we do, how we do it and how it will impact others.

    Download the PDF of the Strategy in Action: Our Values

    Integrity

    We operate fairly and equitably in everything we do.

    Download the PDF of the Strategy in Action: Our Values

    Loyalty

    We are committed to giving back to our communities.

    Download the PDF of the Strategy in Action: Our Values

    Collaboration

    We work in partnership to make things happen.

    Download the PDF of the Strategy in Action: Our Values

    Delivery

    We deliver our best quality work for everyone, no matter what.

    Download the PDF of the Strategy in Action: Our Values

    Adaptability

    We seek to positively challenge what we do and how we do it.

    Download the PDF of the Strategy in Action: Our Values

    * Our stakeholders are our shareholders, employees, pensioners, customers and suppliers. More broadly, we recognise our duties to the environment and the communities in which we operate.

  • Creating Value for Our Stakeholders

  • Our Industry

    Protecting the health, safety and welfare of stakeholders is a core priority for our industry. We operate above and beyond the required standards and strive to uphold these across all the Group’s operations

     

    Our People

    We invest in our people to develop their skills, expertise and individual potential to help sustain a valuable talent pool for now and the future.

     

    Our Communities

    We do not just operate within a community, we work in close partnership to create and develop thriving projects that will last for generations.

     

    Our Shareholders

    We focus on creating long-term shareholder value through strategic investment and developing opportunities that generate robust, reliable earnings.

     

  • 2019 Highlights

    Financial Highlights

    Financial Highlights

    Profit before tax

    £49.1m

    Net cash (debt)

    £27.0m

    Group revenue

    £379.7m

    Net asset value per ordinary share

    239p

    Earnings per ordinary share

    28.3p

    Dividends per ordinary share

    5.0p

    Operational Highlights

    • The Group performed well against the uncertain political backdrop
    • Successfully delivered the £333m TECA scheme, in Aberdeen, on time and on budget
    • Strategic land increased its profit to £31.8m, by successfully selling 3,427 plots
    • Successfully implemented a strategic rationalisation of our investment property portfolio, disposing of approximately £67m primarily with a retail focus
    • Our jointly owned house builder Stonebridge Homes achieved 159 sales
    • Henry Boot Construction completed Phase 1 of the £44m Glass Works in Barnsley Town centre and has now begun on Phase 2 which is an £88m retail and leisure regeneration scheme

    Download the PDF of Highlights

  • Chairman’s Statement
    With positive cashflow, a short-term focus on managing our cash reserves, and contingency planning in place, we have readied ourselves to come through the pandemic.

    Jamie Boot
    Chairman

    Download the PDF of the Chairman’s Statement

  • Chief Executive Officer Update

    John Sutcliffe

    Chief Executive Officer
    (to 1 Jan 2020)

    I feel very proud of the business we have helped to build to date. I have worked with a fantastic team of skilled and committed colleagues who rarely fail to deliver great outcomes to difficult commercial challenges.

    tim roberts

    Chief Executive Officer
    (from 1 Jan 2020)

    I have joined a successful, long-term business, and I look forward to shaping its strategy and leading a team which has extensive operational skills

  • Key drivers for growth

    Good financial track record over the long term

    Good financial track record over the long term

    • Providing reliable earnings through cyclical markets with good visibility from the opportunities under control.
    • Prudent debt levels and a disciplined approach to risk management
    • Trading profit produced within our three business segments: Land Promotion, Property Investment and Development, and Construction

    A long-established and efficient capital structure

    • Reinvestment of cash generated in the construction segment into strategic land and commercial development assets to enhance returns to shareholders
    • We aim to provide dividend growth while maintaining at least three times dividend cover to allow for investment in future opportunities, without diluting existing shareholders by raising new equity capital

    Delivering residential communities

    • Just under 15,000 acres of strategic land on 188 sites throughout the UK
    • Our strategic land business has the scope to deliver 60,000 to 70,000 housing units over the next 10 to 20 years, with 14,713 secured planning permission plots
    • Given the well-documented housing shortages and the Government’s desire for more housing delivery, our land portfolio is well positioned to help deliver these much needed houses

    Delivering commercial opportunity

    • A commercial development pipeline of £1.3bn plus of Gross Development Value, in addition to over £300m to be delivered over the next three years
    • A small but quickly growing jointly owned housebuilder with a land portfolio of over 1,000 units and a medium-term planned output of 250 unit sales

    Shareholder returns

    • Our long-term strategic aim is to create shareholder value through land promotion, property development and construction
    • Strong organic growth drivers and capital allocation across our three business segments
    • Great track record of total shareholder return (TSR). In the past twenty years the company has a compound annual growth rate (CAGR) of 15% Vs. an average 5% of the All Share Index

    Download the PDF of Key Drivers for Growth

  • Group at a Glance

    LAND PROMOTION

    • Hallam Land Management Limited

    PROPERTY INVESTMENT AND DEVELOPMENT

    • Henry Boot Development Limited
    • Stonebridge Homes Limited

    CONSTRUCTION

    • Henry Boot Construction Limited
    • Banner Plant Limited
    • Road Link (A69) Limited

  • Segmental Performance

    Land Promotion

    Total revenue

    £73.2m

    Profit before tax

    £31.8m

    Plots sold

    3,427

    Land portfolio (acres)

    14,898

    Plots in planning process

    10,665

    Plots with planning permission

    14,713

    • Agency and Optioned
    • Purchased

    Total revenue

    £192.2m

    Profit before tax

    £13.4m

    Plots sold
    (Stonebridge Homes Limited)

    159

    Total revenue

    £114.3m

    Profit before tax

    £9.4m

    Download the PDF of Segmental Reviews

  • Business Model

    Our ability to deliver long-term value for shareholders is underpinned by our business model. Henry Boot operates across the whole property value chain. We acquire land without planning permission, obtain planning permission, develop sites and maintain an investment portfolio. Our people are at the heart of all that we achieve, we develop skilled employees who deliver profitable schemes with confidence.

    Download the PDF of Business Model