Mount Anvil, Central London’s specialist residential-led developer, has announced a record profit of £20 million for the year ended Dec 31st 2014 (2013: £15.4 million).
Continuing demand for a Mount Anvil home, across all its Central London developments, led to a 33% increase in turnover to a record £216.2 million (2013: £162.2 million).
The value of the company’s pipeline grew by 46% to £1.36 billion, accounting for 1,535 new homes (2013: 1,314 homes) and 20,000 sq m of commercial space (2013: 25,000 sq m) - driven by the purchase of Kidderpore Avenue, Hampstead (NW3) from King’s College London; and Keybridge House, Vauxhall (SW8), from BT Group - where the UK’s tallest brick residential tower will be created.
Killian Hurley, Chief Executive, Mount Anvil, said: “Ten years ago, our group turnover was £24 million. The record profit of £20 million which we have announced today, is testament to our people’s relentless focus on creating homes of exceptional quality and world-class design, in outstanding locations, and leaving a positive legacy for London.
“Mount Anvil has an unbroken record of profitability, including throughout the last recession. We believe it is our staff’s engagement which is the ultimate driver of our business achievements – people drive the numbers, numbers don’t drive the people.”