Crest Nicholson Holdings Plc
64.20
GBX
-0.40
(-0.62%)
ISIN
GB00B8VZXT93
Return %
Stock
S&P 500
1Y
-61.97
14.20
3Y
-59.60
81.12
5Y
-82.34
68.34
Capital Structure
GBP
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in mil. unless spec.Working Capital
GBP
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in mil. unless spec.Growth Rates
GBP
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in mil. unless spec.Semi-annual Revenue
GBP
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in mil. unless spec.Semi-annual Earnings Per Share
GBP
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in mil. unless spec.Semi-annual Dividends Per Share
GBP
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in mil. unless spec.Company Description
- CEO
- Martyn Clark
- Full Time Employees
- 685
- Sector
- Consumer durables
- Industry
- Homebuilding
- Address
- 500 Dashwood Lang Road Addlestone SU United Kingdom KT15 2HJ
- IPO Date
- Feb 13, 2013
- Website
- crestnicholson.com
- Similar Companies
- Business
- Crest Nicholson Holdings plc (CRST.L) serves as a leading UK housebuilder specializing in the development and sale of new mid-premium residential homes, apartments, townhomes, and mixed-use communities that include commercial properties; it operates through five regional divisions--South West, South, Chiltern, Eastern, and Midlands and Yorkshire--plus a Special Projects team for fire safety remediation and a strategic land department for long-term pipeline growth. The company targets private homeowners and registered providers of affordable housing, with approximately 44% of completions allocated to affordable and bulk deals, and maintains a focus on placemaking, sustainability, biodiversity enhancement, and energy-efficient designs across its operations primarily in southern England and the Midlands. Founded in 1963 and headquartered at 500 Dashwood Lang Road, Bourne Business Park, Addlestone, Surrey, KT15 2HJ, United Kingdom, Crest Nicholson structures its business around a curated owned land portfolio, selective acquisitions such as 1,158 plots in FY24, and partnerships in the private rented sector, supported by subsidiaries including Crest Nicholson Residential Limited and CN Finance plc. Its core offerings encompass high-specification detached and semi-detached houses, apartments, and strategic land developments delivered via efficient construction methods; these emphasize architectural excellence, reduced carbon emissions (down 63% in scopes 1 and 2 since 2019), and customer-centric features like virtual tours and five-star Home Builders Federation ratings recently regained. The company provides a range of tenures including outright sales, shared ownership, and affordable housing, complemented by after-sales support through divisional customer service teams and mobile technicians. In recent developments, Crest Nicholson launches Project Elevate, a comprehensive transformation program under new CEO Martyn Clark (appointed June 2024 from Persimmon plc) to reposition the firm in the mid-premium segment, targeting over 2,300 annual completions and 20% gross margins by FY29 through operational efficiencies, cost reductions including a proposed divisional office closure and GBP2 million restructuring costs in H1 FY25, and minimized private rented sector exposure. It reports H1 FY25 adjusted operating profit up 92% to GBP9 million with gross margins improving to 14.2%, on track for FY25 adjusted pre-tax profit of GBP28-38 million amid 739 completions, alongside progress in fire remediation recovering GBP11.8 million from third parties and stable provisions for completion by 2029. Strategic priorities unveiled at the March 2025 Capital Markets Day emphasize mid-premium focus, land pipeline optimization, customer satisfaction, and governance enhancements, with early benefits evident in sales rates and a 75 million GBP inventory reduction.