Hill edges profit and turnover up despite building safety approval delays
Summary
Hill reported improved profit and turnover, but said trading was still only satisfactory overall. The housebuilder also noted that delays in building safety approvals continue to create regulatory hold-ups.
Why it matters
Delays in building safety approvals can affect development timelines, risk profiles and transaction readiness on new-build schemes. Surveyors working on residential developments may need to factor in approval-related delays when advising clients on progress, valuation and delivery risk.
Key points
- Hill said profit and turnover were up.
- Trading was described as satisfactory.
- The company continues to face regulatory hold-ups.
- Building safety approval delays remain a constraint.
Organisations:
Hill
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