Our COVID-19 Response

Since the outbreak of COVID-19, The Henry Boot Group has implemented multiple measures in line with Government guidance to ensure our people and operations are able to continue safely. Whilst we continue to monitor the evolving situation, our response to this pandemic has been driven by three main priorities:

1. Safety and Welfare – of our people, supply chain, customers and communities in which we operate in.
2. Operations Response – adapting to Government advice and feedback from our people, customers and supply chain.
3. Financial Stability – the long-term financial stability of the Group

To read more about our COVID-19 response please click here »

Our COVID-19 Response

Since the outbreak of COVID-19, The Henry Boot Group has implemented multiple measures in line with Government guidance to ensure our people and operations are able to continue safely. Whilst we continue to monitor the evolving situation, our response to this pandemic has been driven by three main priorities:

1. Safety and Welfare – of our people, supply chain, customers and communities in which we operate in.
2. Operations Response – adapting to Government advice and feedback from our people, customers and supply chain.
3. Financial Stability – the long-term financial stability of the Group

To read more about our COVID-19 response please click here »

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Tel: +44 (0)114 255 5444
Email: info@hallamland.co.uk

Hallam Land Management

News

POSTED ON
2nd September 2020

Interim Business Update

Despite the pandemic, Hallam Land Management made a solid start to 2020, with 2,000 plots sold across nine sites. At the end of June 2020, we had unconditionally exchanged contracts for the sale of a further 525 plots, which are due to complete either later in the year or early in 2021.

At the half year, Hallam Land held interests in 190 sites equating to 15,456 acres (December 2019: 14,898 acres), of which 1,683 acres are owned, 2,583 under option and 11,190 are under planning promotion agreements. As in previous periods of uncertainty, we have made good progress, facilitated by the Group’s robust balance sheet and we continue to source a selective number of new opportunities in strong market locations.

Significant steps forward have been achieved over the period in relation to our major Didcot project (2,182 plots) where Oxfordshire County Council has now secured the required Homes and Infrastructure Funding (HIF) deal with Homes England. Detailed planning consent has also been granted at Eastern Green in Coventry and £15.6m of funding has been secured for a grade separated junction onto the A45, which is the principal access for this 2,200 plot, and 900,000 sq ft commercial site. Works are expected to commence during 2021.

At 30 June 2020, we held planning consents/resolution to permit consent for 12,939 plots on 31 sites, with a further 10,511 plots subject to planning applications on 23 sites. Our accounting policy is to hold these strategic land purchases as inventory, at the lower of cost or net realisable value, and therefore the assets do not benefit from judgmental valuation gains.

Our housebuilder customers are at differing stages in returning to the land market. Nonetheless, we are receiving bids for land at prices not noticeably impacted by CV-19, although we do not expect these deals to contribute to this year’s numbers. However, pressure on land pricing and average returns per plot has continued, with the forthcoming changes to building regulations likely to have a growing impact in the medium term.

As we enter H2 Hallam Land is in a strong position, with all its budgeted business for the current year contractually exchanged. Additionally, we are in advanced negotiations on further disposals of plots, which we expect to complete next year.

The Henry Boot Way

Hallam Land Management is a part of the Henry Boot Group of Companies.

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Fraudulent Activity

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The Modern Slavery Act 2015 - Group Statement: View here

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“Henry Boot PLC and its Group Companies has, following the introduction of the Modern Slavery Act 2015 (the “Act”) implemented a number of measures which seek to bring about greater transparency and scrutiny into our various supply chains, in order to combat slavery and trafficking activities. Further to this, over the past year we have been reviewing the measures put in place and seeking to identify additional actions to strengthen our due diligence and transparency. The aim of the Act is in line with our own ‘Henry Boot Way’ Vision and Values, as updated in 2017, which include ‘Respect’, ‘Integrity’ and ‘Collaboration’, all of which are relevant to our approach in this regard.

We continue to keep under regular review our Human Trafficking and Slavery Statement (the ‘Statement’), setting out the activities undertaken to reduce the risk of slavery and trafficking activities being present within our business operations. These measures include the introduction of an Anti-Slavery Policy, due diligence requirements, and mandatory contract clauses seeking compliance by our supply chain with appropriate anti-slavery measures. Additional measures that have recently been put into place to increase knowledge and vigilance throughout our organisation and supply chain include posters and awareness cards across our sites.

We will continue to regularly work with our partners, contractors, suppliers and other stakeholders, as well as keeping industry best practice under review, to monitor our approach for effectiveness, and consider any changes or additional measures as appropriate.”

Click here to view the full statement.

Henry Boot PLC

Tim Roberts

Chief Executive Officer