Our investment case

We have a compelling investment proposition. We remain focused on driving value and ensuring we are ready and able to take advantage of opportunities.

Strong and resilient

  • Experienced senior leadership and highly engaged employees
  • Tight control of cost and work in progress, ensuring build rates are aligned with sales rates at a site level
  • Increased standardisation to drive quality, savings and incremental operational efficiencies
  • Strong balance sheet
  • Leveraging Taylor Wimpey Logistics and our new timber frame facility to support security of supply, and increase visibility and speed of build
  • Increased use of technology on site and data monitoring to aid simplification and drive decision-making

Differentiated by our landbank

  • We have a balance sheet light, industry leading strategic pipeline of c.142k potential plots (31 Dec 2022: c.144k)
  • £61bn potential revenue in our landbank across both the short term landbank and strategic pipeline (31 Dec 2022: £61bn)
  • High-quality, well-located landbank in places people want to live
  • c.8k plots converted from strategic pipeline (2022: c.4k)
  • We remain selective in acquiring new sites but will be active where we see good opportunities to create value for shareholders

    Sustainable and responsible

    • We are driven by our purpose to build great homes and create thriving communities and by our core value to ‘do the right thing’
    • 98% of our employees agree that we take health and safety seriously (2022: 98%)
    • Net Zero Transition Plan targets validated by Science Based Targets initiative (SBTi)
    • In 2023, we launched our zero carbon ready prototype homes trial in Sudbury, the first trial of its kind on a live development site testing low carbon technologies

    Reliable shareholder returns

    • Highly cash generative business - allows for investment for growth and attractive shareholder returns 
    • Established, differentiated Ordinary Dividend Policy aimed at providing investors with visibility of the annual income stream they can expect throughout the cycle, including during a normal downturn
    • 7.5% of net assets or at least £250 million annually throughout the cycle paid out via an ordinary cash dividend