London residential specialist Mount Anvil reported a pre-tax profit of £10.4m for the year to March 2026, on turnover of £346m.
The previous year’s accounts covered 15 months following a change in the company’s year end. When those figures are adjusted to a 12-month period, they give a comparable pre-tax profit of £8.5m and turnover of around £288m.
On that basis, Mount Anvil’s revenue increased by 20%, while pre-tax profit rose by 24%.
The result was strongly supported by the group’s joint ventures, which contributed £22m of profit during the year. This was up from a pro-rata £13m in the previous period.
The joint venture contribution helped offset a £12m operating loss at group level before joint venture profits, interest and finance costs.
Mount Anvil said its performance was supported by 662 home completions across The Verdean, One Clapham Junction, Queens Cross and Chelsea Botanica. This included 309 affordable homes.
The group is targeting a further 796 completions during 2026/27, including 214 affordable homes.
Mount Anvil’s development pipeline has also expanded to 4,505 homes. This includes 1,507 affordable homes and has an expected sales value of £2.6bn, up from £1.75bn previously.
Cash reserves fell to £27m from £49m. At the same time, work in progress increased sharply to £67m from £28m as the group increased investment across its development programme.
At its standalone contracting arm, Mount Anvil Ltd, turnover remained broadly flat at £202m, while profit was also unchanged at £3.7m.
Mount Anvil said its contracted pipeline with housing associations and local authorities stood at £414m.
The business also has a further £2bn of intra-group private build contracts, providing a substantial pipeline for its contracting operation.