Our Strategy

Inland's clear strategy has delivered growth and a number of outstanding projects over the last year. We have maintained existing relationships and developed new ones, and refined our housebuilding capabilities so that we continue to compete with other housebuilders. However, we have still retained the essence of what makes us unique.

Strategic goalDescriptionProgress over past year
1Increase the size of our land bank year on yearPurchases range from sites ready for immediate development, to tactical acquisitions of sites which open up the potential of neighbouring land, to areas which will become key housebuilding terrain in the future. All of these purchases are funded by our careful financial strategy, which balances loan finance, joint venture funding and cash released by sales of other sites and completed residential units.
  • 29% increase in land bank plots since the last annual report
  • Planning permission or resolution to grant planning permission obtained on 544 plots since the last annual report
2Continue the core activity of plot sales to other developers to generate cash to fund our operationsAs our planning team adds value to land through achieving planning permission, we are able to make attractive short term margins through land sales to developers. In this strong housebuilding climate there is high demand for quality land, so our strategy means that we are well poised to take advantage of this and generate strong revenue streams and cash flow to feed back into our land buying programme.
  • 425 plots with planning permission sold during the financial year
  • 1,163 plots with planning permission remaining in land bank
  • Applications for planning permission submitted on a further 1,446 plots
3Maximise the value from our land bank by expanding our housebuilding programmeHaving proved our credentials as a quality housebuilder with award-winning developments such as Drayton Garden Village and Carter's Quay, we continue to build momentum and develop our quality portfolio. Our housebuilding capabilities have bolstered our reputation and attracted some significant partnerships, for example the project in Chapel Riverside, Southampton.
  • Investment in staff to increase the level of construction expertise within the Group
  • Appointment of Gary Skinner as Managing Director of Inland Limited to lead the expansion of housebuilding
  • We have 321 residential units under construction across 10 sites
4Maintain borrowings at a manageable level through a strong focus on cash management and vendor financingOur varied range of financing options gives us flexibility. Our business plan includes the sale of consented land, which we can tailor to our cash flow requirements. Additionally, we have an increasing bank of properties, which are providing a steady stream of rental income and cash that contributes to our overheads.
  • Gearing at 47.0%
  • Current annual rent £2.6m
  • Cash balances of £16.7m
  • Forward sales of £22.5m
  • Deferred consideration of £22.4m

Download or add PDF to basket

Pdf