London developer Mount Anvil’s in-house contracting business has surged to £228m turnover in the latest 15-month reporting period, almost doubling on the prior year.

The contracting pipeline now stands at £524m with housing associations, more than £200m higher than a year ago, supported by £850m of intra-group private build contracts.

Group-wide, Mount Anvil posted a strong rise in turnover to £360m but suffered a fall in pre-tax profit to £10.6m, with contracting contributing nearly half in the period to March 2025.

The firm said its disciplined approach to cash management left reserves up at £49m, underpinning its development pipeline.

Mount Anvil completed 505 homes during the period, including 155 affordable units, with major handovers at Royal Eden Docks (with LIEC) and The Verdean (with Peabody).

The average selling price of private homes was £592,000 (2023: £553,000) despite the tougher market.

The developer now has 3,384 homes in its pipeline worth £1.75bn, of which 35% are affordable. Pre-sales are already in place for 95% of 2025/26 completions and 89% of its five-year sales target on launched schemes.