Yorkshire-based development company Harworth Group has announced its entry into the FTSE250, marking a significant milestone in its growth trajectory.
The Rotherham-based company achieved this recognition following a week in which it reported a substantial increase in its operating profit, which more than doubled to £21.1 million over the past six months. Since its re-listing on the London Stock Exchange in 2015, Harworth has grown its statutory net assets by 137% and achieved an average annual total accounting return of 10%.
Chief Executive Lynda Shillaw remarked, “Entering the FTSE 250 is a significant milestone for Harworth, it’s a testament to the dedication of our people and their ability to consistently deliver against our strategic objectives. This achievement highlights our commitment to sustainable growth and the continued support of our shareholders.”
Harworth’s development portfolio is extensive, having developed approximately 2 million sq ft of industrial and logistics space and facilitated sites for an additional 5 million sq ft of development. This includes enabling over 10,000 residential plots. The company’s future pipeline includes 9.6 million sq ft of industrial and logistics space.
Founded in 2004 as the property division of UK Coal, Harworth specialises in regenerating brownfield sites across Yorkshire, the Midlands, and the North West. This focus on brownfield regeneration underscores its commitment to sustainable development and growth.
Harworth Group’s inclusion in the FTSE250 not only signifies its robust financial health but also its strategic emphasis on sustainable development and shareholder value.
