Harworth Group, a leading development company in Yorkshire, has accomplished a significant corporate milestone with its induction into the FTSE250 index. This achievement reflects the company’s robust growth and strategic expansion in the property sector.
Yorkshire’s Harworth Group has announced its inclusion in the prestigious FTSE250 index, marking a major achievement for the company. This elevation underscores Harworth’s ongoing commitment to sustainable growth and strategic leadership in regional development projects. The company’s recent financial report, indicating a significant rise in operating profit, aligns with this milestone, reinforcing its strong market position and investor confidence.
The company’s recent six-month financial results showed an impressive increase, with operating profit more than doubling to £21.1 million. This financial performance highlights Harworth’s effective strategies in asset management and development. With statutory net assets growing by 137% since its re-listing on the London Stock Exchange in 2015, this forward trajectory is remarkable. The average annual total accounting return of 10% further validates their strategic financial planning. An expansion into industrial and logistics spaces forms a core part of their market strategy.
Harworth has directly developed about 2 million square feet of industrial and logistics space while enabling sites for another 5 million square feet. Additionally, over 10,000 residential plots have been facilitated through their projects. The pipeline for future developments includes approximately 9.6 million square feet of industrial and logistics spaces. Such projects demonstrate Harworth’s capability in transforming brownfield sites and enhancing regional infrastructure across Yorkshire, the Midlands, and the North West.
CEO Lynda Shillaw attributed Harworth’s FTSE250 inclusion to the dedication and strategic focus of its workforce. Shillaw emphasized this as a reflection of the company’s consistent delivery against strategic goals. This acknowledgement of the team’s effort highlights the role of effective leadership and vision in Harworth’s ongoing success.
Originally formed in 2004 as the property division of UK Coal, Harworth holds a legacy of regenerating brownfield sites. Specialising in areas such as Yorkshire, Midlands, and the North West, their operations focus on revitalizing land previously deemed unusable, transforming it into thriving industrial and residential areas. Their history provides a firm foundation for continued growth.
Harworth’s inclusion in the FTSE250 represents not just a company achievement, but a testament to its sustainable development model. By prioritizing environmentally conscious projects, Harworth aligns with investor values, ensuring long-term business viability and environmental stewardship. This approach has proven successful, meeting both market demands and ecological standards.
With a solid foundation and strategic direction, Harworth is well-positioned for future growth. This includes potential expansions and continuous contributions to regional economic development. Their commitment to enhancing asset value and community impact remains unwavering, promising further milestones as they proceed with their ambitious agenda.
Harworth Group’s entry into the FTSE250 marks a pivotal chapter in its corporate journey, underscoring its dedication to strategic growth and sustainable development. The company is poised to continue its positive trajectory, fostering further growth and community advancement.
