The London residential specialist reported pre-tax profit of £10.4m for the year to March 2026 on turnover of £346m.

Its prior year accounts covered 15 months following a change in year end. Prorating those figures to 12 months gives comparable pre-tax profit of £8.5m and turnover of around £288m.

On this basis, revenue rose 20% and pre-tax profit increased 24%.

The result was heavily supported by Mount Anvil’s joint ventures, which contributed £22m of profit during the year, up from a pro-rata £13m in the previous period.

This helped offset a £12m operating loss at group level before JV profits, interest and finance costs.

Mount Anvil said its results were driven by 662 home completions at The Verdean, One Clapham Junction, Queens Cross and Chelsea Botanica, including 309 affordable homes.

It is now targeting a further 796 completions in 2026/27, of which 214 will be affordable.

The group’s development pipeline has grown to 4,505 homes, including 1,507 affordable homes, with an expected sales value of £2.6bn, up from £1.75bn previously.

Cash fell to £27m from £49m while work in progress jumped to £67m from £28m as investment increased across its development programme.

At standalone contracting arm Mount Anvil Ltd, turnover and profits were flat at £202m and £3.7m respectively.

Mount Anvil said its contracted pipeline with housing associations and local authorities stood at £414m, alongside a further £2bn of intra-group private build contracts.