Crest Nicholson is a leading residential developer whose mission is to be the market leader in the design and delivery of sustainable housing and mixed use communities. We aim to improve the quality of life for individuals and communities, both now and in the future, by providing better homes, work places, retail and leisure spaces. With a portfolio of developments across the southern half of England, located in prime locations and delivered in a responsible and sympathetic way, Crest Nicholson is able to provide homes and communities which our customers can be proud of. Ultimately it is the opinion of our customers which we hold in the highest regard, with nine out of ten willing to recommend us to a friend.
The Group operates across five regional house building divisions and a sixth Major Projects division which specialises in partnership delivery across large scale residential and mixed use projects. A further Strategic Projects division focuses on sourcing land for medium to longer term development. Crest Nicholson employs over 800 people, all contributing their expert skills and knowledge to ensure a solid foundation from which the business can develop and grow. It is through Crest Nicholson’s experienced and successful Executive team along with a unified and strong management structure which enables the business to deliver award winning developments, from complex urban regeneration schemes through to smaller scale traditional housing developments. We encourage the professional development of all our employees through training and career development plans. We pro-actively promote our Apprenticeship and Graduate training programmes where we are able to develop and nurture the housing industry’s leaders of tomorrow and we are proud that 10% of our workforce are apprentices.
The Group successfully listed on the London Stock Exchange in February 2013, having previously been listed for 39 years of its 50 year history.

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Type
Public
HQ
Chertsey, GB
Founded
1963
Size (employees)
905 (est)+7%
Crest Nicholson was founded in 1963 and is headquartered in Chertsey, GB
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Crest Nicholson Office Locations

Crest Nicholson has offices in Rugby, Cambridgeshire, Farnham, Brampton and in 27 other locations
Chertsey, GB (HQ)
Crest House Pyrcroft Rd
Brentwood, GB
9 Brook St
London, GB
10 New Fetter Ln
Saint Albans, GB
Abbey View
Stoke Gifford, GB
Lime Kiln Cl Crest House
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Crest Nicholson Financials and Metrics

Crest Nicholson Financials

Crest Nicholson's revenue was reported to be £1.04 b in FY, 2017
GBP

Revenue (FY, 2017)

1 b

Gross profit (FY, 2017)

262.9 m

Gross profit margin (FY, 2017), %

25.2%

Net income (FY, 2017)

153.6 m

EBITDA (FY, 2017)

202.3 m

EBIT (FY, 2017)

200.8 m

Market capitalization (31-Oct-2017)

1.4 b

Closing share price (31-Oct-2017)

5.6

Cash (31-Oct-2017)

39.7 m

EV

1.4 b
Crest Nicholson's current market capitalization is £1.4 b.
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

676.6 m284.4 m319.1 m408 m525.7 m636.3 m804.8 m997 m1 b

Revenue growth, %

21%26%24%

Cost of goods sold

527.1 m247.3 m279 m334.4 m418.2 m490.9 m607.7 m749.9 m780.3 m

Gross profit

149.5 m37.1 m40.1 m73.6 m107.5 m145.4 m197.1 m247.1 m262.9 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

10.3 m39.8 m4.5 m4 m14.6 m2.7 m12.2 m10.8 m20 m23.8 m39.7 m

Accounts Receivable

54.1 m25.2 m28.1 m12 m26.8 m36.5 m38.8 m50.2 m84.4 m

Inventories

855.5 m594.1 m575.9 m618 m698.6 m900.7 m967.6 m981 m1.1 b

Current Assets

936.7 m670.9 m533.7 m637.7 m637.2 m662.2 m754.8 m958.4 m1 b1.1 b1.3 b
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

48.7 m13.4 m12.3 m(2 m)(2.3 m)36.3 m35.2 m67.4 m99.7 m138.5 m153.6 m

Cash From Operating Activities

(27.2 m)(2.6 m)14.5 m(22.5 m)(4.9 m)3.1 m15.6 m1.6 m9.7 m

Dividends Paid

28 m

Cash From Financing Activities

17.8 m15.7 m11.2 m(10.9 m)(13.8 m)(7.4 m)(1.8 m)
GBPY, 2017

EV/EBITDA

6.9 x

EV/EBIT

7 x

EV/CFO

144.6 x

Revenue/Employee

1.2 m

Financial Leverage

1.8 x
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Crest Nicholson Online and Social Media Presence

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Crest Nicholson News and Updates

Crest Nicholson feels the pinch as shares slump

Leading residential developer Crest Nicholson has seen its share price fall by five per cent in early morning trading after the firm announced a dip in pre-tax profits.  For the six months to the end of April, the building company suffered a two per cent drop in pre-tax profits to £74.8m from £76…

Crest Nicholson share price plummets

Crest Nicholson's share price dropped 13 per cent on early trading this morning after the housebuilder revealed that its full-year operating margin would be at the lower end of its previous forecast. The company said that rising costs of construction would mean that operating margins for the full…
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