Development company Harworth Group says it is on track to become a £1bn company after seeing a “strong strategic and operational momentum” so far this year.
In a statement ahead of its AGM, the Rotherham-based company said it had made significant progress in all four of its main growth strategies, including the development of industrial and logistics stock, and scaling up its land acquisition. Harworth added that it remained well capitalised with a strong balance sheet, with net debt having fallen over the last 12 months to stand at £43.2m.
Chief executive Lynda Shillaw said: “Harworth has had strong strategic and operational momentum so far in 2023, against a backdrop of robust demand for serviced and therefore de-risked residential land as well as industrial & logistics assets.
