Crest Nicholson Holdings

CRST · Main Market · Consumer Products and Services · mcap £151m · 58.9p

Crest Nicholson builds and sells homes, mainly in southern England, and also sells land and builds for housing associations and bulk buyers. It is repositioning from a volume builder to a mid-premium developer.

Target	Promise	Said	Status
2024
FY24	Reduce annualised administrative expenses by about £3m in FY24	16 Nov 2023	… In progress
	“Expected overhead reduction of £3m in FY24” Also stated 23 Jan 2024 Status so far Not yet due.
2026
31 Jul 2026	Start 80% of affected fire remediation sites by end of July 2026	21 Apr 2026	… In progress
	“remains on track to hit the Government target of starting 80% of affected sites by the end of July” Result Not yet due.
Today · 11 Oct 2026
30 Nov 2026	Complete covenant amendment process with lenders	16 Jul 2026	… In progress
	Status so far Not yet due.
2026	Yorkshire output of 300-350 units in 2026	16 Nov 2023	… In progress
	“now expecting 300 to 350 units in 2026” Also stated 23 Jan 2024 Status so far Not yet due.
H2 2026	Increase outlets in H2 2026 with new margin accretive sites	29 Jan 2026	… In progress
	“The Group expects to increase its outlet position in the H2 2026 with the launch of new margin accretive sites” Status so far Not yet due.
2027
FY27	Overheads at about 7% of revenue by FY27	20 Mar 2025	… In progress
	“Overhead reduction to c.7% of revenue by FY27” Status so far Not yet due.
2027-03	Remediate pre-2019 sites over three years at up to £15m	19 Mar 2024	… In progress
	“These sites will require remediation over the next three years at an estimated cost of up to £15m.” Status so far Not yet due.
2027	Finalise new house type design by Dec 2025 and roll out in production from 2027	18 Nov 2025	… In progress
	“the design phase to be finalised by December 2025” Status so far Not yet due.
2029
FY29	Complete fire remediation programme during FY29, funded from own cash flow and balance sheet	14 Jan 2025	… In progress
	“The remediation programme is expected to be completed during FY29, meeting the obligations of the Government's Remediation Acceleration Plan” Status so far Not yet due.