Mount Anvil leans on joint ventures and Chelsea deal as turnover jumps but profit slips

Mount Anvil’s latest accounts show turnover rising to £359.7m for the 15 months to March 2025, driven by joint-venture completions in Acton and near Canary Wharf and a new Lots Road South partnership in Chelsea, even as pre-tax profit falls to £10.6m amid build-cost inflation and a challenging market.

Mount Anvil Group’s latest accounts show turnover rising as the London housebuilder benefits from completed homes in east and west London, even as pre-tax profit slips. For the 15 months to 31 March 2025, turnover reached £359.7m, up from £257.8m in the year to 31 December 2023, with pre-tax profit down to £10.6m from £16.9m. The figures reflect a business model increasingly anchored in arrangements with joint-venture partners alongside its contracting and development activities. A substantial portion of turnover came from joint-venture developments (£113.5m), with contracting and construction revenues at £227.6m and £18.5m from property development. The company also reported an improved cash position, closing March with £48.9m in the bank. These results were framed by the group’s shifting financial year to 31 March to align with its joint-venture partners, including London’s largest housing associations and local authorities. The private-housing push is highlighted by the Verdean scheme in Acton and the Royal Eden Docks project near Canary Wharf, which Mount Anvil has indicated as key contributors to the year’s performance. The average selling price of private homes rose to £592,000 from £553,000 in 2023, despite a market described as challenging, with the company stating that build-cost inflation has not always been fully offset by sales prices and that it mitigates inflation through “optimisation of our schemes.” A further sign of the group’s ongoing activity is the July plan to develop 274 homes on the Lots Road South site in Chelsea in partnership with Kensington and Chelsea Council, with almost half the development to be affordable housing. By early July 2025, Mount Anvil had exchanged 95 per cent of its 2025/26 sales completions and 89 per cent of the five-year plan target.

The Chelsea project sits within a broader council-driven regeneration pipeline that Mount Anvil has helped define. Kensington and Chelsea Council appointed Mount Anvil as its development partner for the Lots Road South project in February 2023 as part of the New Homes Delivery Programme, a borough-wide initiative to deliver 600 homes, including 300 designated as affordable or for social rent and for key workers. The council describes the partnership as a core element of its drive to increase affordable and social housing, while pursuing quality design and sustainability in a site beside Chelsea Creek. The project’s scope has continued to evolve in the wake of planning processes and public engagement, with recent outlines detailing a mix of homes and community facilities designed to integrate with the surrounding neighbourhood. The council’s emphasis on collaborative planning and community involvement has been a consistent thread in the development framework.

In parallel, the Verdean scheme — Mount Anvil’s long-running joint venture with Peabody — continues to anchor Acton’s regeneration, with a focus on green spaces and accessibility. The Verdean concept stresses community-oriented amenities and well-being, and the project’s broader design framework highlights the integration of public realm and transport access as central to its appeal. The Verdean page emphasises their shared-ownership approach and the regeneration narrative for Acton, underscoring how the collaboration with Peabody supports Mount Anvil’s strategy of combining private housing with social and affordable housing components and public amenities in a cohesive regeneration envelope.

📌 Reference Map:

Source: Noah Wire Services

Noah Fact Check Pro

The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.

Freshness check

Score:
7

Notes:
The narrative appears to be a timely update drawing on Mount Anvil’s moved accounting year and recent scheme activity (✅). Companies House shows the group extended its accounting period to 31 March 2025 (AA01 filed 1 Oct 2024) — a valid reason for a 15-month reporting period. ([find-and-update.company-information.service.gov.uk](https://find-and-update.company-information.service.gov.uk/company/04410393/filing-history)) However, as of this check there is no Companies House filing of group accounts for the period ending 31 March 2025 to independently corroborate the headline numbers (turnover £359.7m; pre-tax profit £10.6m). That reduces independent verifiability (⚠️). Earlier related reporting about Mount Anvil’s financials and JV-driven revenues exists (Oct 2024 / 2023 coverage) — so background is recycled but the specific 15‑month figures appear new. ([housingtoday.co.uk](https://www.housingtoday.co.uk/news/joint-venture-success-boosts-turnover-at-mount-anvil/5131995.article?utm_source=chatgpt.com), [building.co.uk](https://www.building.co.uk/news/mount-anvil-reports-sharp-rise-in-profit-for-2022/5123821.article?utm_source=chatgpt.com)) If the piece is based on a company press release or leaked accounts rather than filed accounts, that would explain timing — flag: await formal Companies House filing for full verification (🕰️).

Quotes check

Score:
6

Notes:
Some language in the narrative (for example “optimisation of our schemes”) matches wording used by Mount Anvil in earlier reporting of its accounts and statements — indicating reuse of company commentary rather than newly attributed interview text (🔁). ([building.co.uk](https://www.building.co.uk/news/mount-anvil-reports-sharp-rise-in-profit-for-2022/5123821.article?utm_source=chatgpt.com)) The article contains several numeric claims and progress figures (eg. “exchanged 95% of its 2025/26 sales completions and 89% of the five-year plan target”) for which I could not find earlier identical online matches or a clear primary attribution in public filings — this suggests either company-provided metrics or editorial reporting of internal figures; treat as potentially exclusive/company-sourced and check original company statement for attribution (⚠️). A full verification would require the original company release or CFO statement to match each quoted figure (‼️).

Source reliability

Score:
7

Notes:
The narrative draws on established and verifiable institutions for context: Companies House (for filing/period-extension evidence), Royal Borough of Kensington & Chelsea (Lots Road South appointment/briefing), Peabody (Friary Park / Verdean project pages) and PRP (project/planning submission). These are authoritative for the specific claims about partnerships and planning. ([find-and-update.company-information.service.gov.uk](https://find-and-update.company-information.service.gov.uk/company/04410393/filing-history), [rbkc.gov.uk](https://www.rbkc.gov.uk/newsroom/development-partner-appointed-new-lots-road-homes?utm_source=chatgpt.com), [peabody.org.uk](https://www.peabody.org.uk/your-community/regeneration/friary-park/?utm_source=chatgpt.com), [prp-co.uk](https://www.prp-co.uk/news/first-purpose-built-extra-care-development-for-rkbc-submitted-for-planning/?utm_source=chatgpt.com)) The immediate reporting outlet (construction trade coverage) is a specialised industry publication with a track record, which is a strength. That said, the key financial figures for the 15-month period are not yet traceable to a Companies House filing at the time of checking — lowering independent verification (⚠️). No evidence was found of the narrative being widely re‑published across low‑quality clickbait networks; background material is widely reported in sector press (✅).

Plausability check

Score:
7

Notes:
The central claim—that turnover rose materially while pre‑tax profit fell—is plausible given Mount Anvil’s historic pattern of large joint‑venture completions driving revenue volatility and previous statements about JV-driven turnover. Earlier filings and sector reporting show JV completions (eg Royal Eden Docks, Silk District) materially affected prior-year figures, so the direction of the claims fits the company’s profile. ([housingtoday.co.uk](https://www.housingtoday.co.uk/news/joint-venture-success-boosts-turnover-at-mount-anvil/5131995.article?utm_source=chatgpt.com), [building.co.uk](https://www.building.co.uk/news/mount-anvil-reports-sharp-rise-in-profit-for-2022/5123821.article?utm_source=chatgpt.com)) However: (a) the precise figures (turnover £359.7m; pre-tax £10.6m; cash £48.9m; average private selling price £592,000; 95% exchange metric) are not yet verifiable via Companies House or an obvious public company statement at time of check — treat them as company-sourced or provisional until accounts are filed (🕰️⚠️); (b) some quoted progress metrics (eg sales-exchange percentages) are unusually specific and were not located elsewhere online — request primary attribution (sales report / company statement) from the reporter or Mount Anvil for confirmation (‼️). Overall, the scenario is credible but requires primary-document verification.

Overall assessment

Verdict (FAIL, OPEN, PASS): OPEN

Confidence (LOW, MEDIUM, HIGH): MEDIUM

Summary:
The narrative is broadly credible and timely (✅) — it aligns with Mount Anvil’s known business model of JV-led completions and recent scheme activity (Royal Eden Docks; Friary Park / The Verdean; Lots Road South). Key institutional confirmations exist for the project partnerships and the shift in accounting year (Companies House shows the accounting period extension to 31 March 2025; RBKC and Peabody confirm the Lots Road / Friary Park partnerships and project details). ([find-and-update.company-information.service.gov.uk](https://find-and-update.company-information.service.gov.uk/company/04410393/filing-history), [rbkc.gov.uk](https://www.rbkc.gov.uk/newsroom/development-partner-appointed-new-lots-road-homes?utm_source=chatgpt.com), [peabody.org.uk](https://www.peabody.org.uk/your-community/regeneration/friary-park/?utm_source=chatgpt.com)) Major risk: the headline 15‑month financial numbers and some precise sales‑exchange metrics reported in the narrative are not yet verifiable in publicly filed accounts as of this check — they appear to be company‑provided or reported by the trade outlet and so should be treated as provisional until the formal accounts or a company press release is produced (⚠️🕰️). Additionally, at least one phrase used in the piece (“optimisation of our schemes”) has been used in prior company statements, indicating some reused company commentary rather than wholly new direct reporting (🔁). Recommend: (1) Request or locate Mount Anvil’s formal accounts or an official results press release covering the 15 months to 31 March 2025 for direct verification; (2) ask the reporter/editor for the primary attribution for the sales‑exchange percentages and the exact source of the financial figures (eg management accounts, audited accounts, board statement); (3) once accounts are filed at Companies House, re-run verification and update verdict. Until primary documents are supplied the report should be labelled OPEN with MEDIUM confidence due to plausible but unverified headline figures (‼️).