Robinson (RBN): Surplus property disposals

This situation live

£20m · 112.5p · −12% since the first step

5 Mar 2026 · £1.0m completed in 2025; remaining sales progressing · −2% until the next step £1.0m of surplus property disposal proceeds and significant progress on the remainder

19 Mar 2026 · Walton Works part completed; other sales progressing · +11% until the next step completion took place on 18 March 2026.

21 May 2026 · £0.6m proceeds received; PBT to benefit · +0% until the next step Reported profit before tax in 2026 is expected to benefit materially from property disposals.

Disposal of a part (break-up)

Surplus property disposals

Three sales completed in H1 for £1.5m

Next: Exchange and completion of two Chesterfield properties for £2.2m

Every step · 5

23 Dec 2025 Hipper House due January; two others agreed subject to contract – the sale of the final of the three properties previously referred to as sold subject-to-contract, Hipper House, is expected to exchange and complete in January 2026. ↗
5 Mar 2026 £1.0m completed in 2025; remaining sales progressing – £1.0m of surplus property disposal proceeds and significant progress on the remainder ↗
19 Mar 2026 Walton Works part completed; other sales progressing – completion took place on 18 March 2026. ↗
21 May 2026 £0.6m proceeds received; PBT to benefit – Reported profit before tax in 2026 is expected to benefit materially from property disposals. ↗
20 Aug 2026 Three sales completed in H1 for £1.5m – Three surplus property sales completed in H1 2026, generating cash proceeds of £1.5m. Additional sales expected in the second half of 2026 ↗

What is happening

Robinson: Surplus property disposals – Three sales completed in H1 for £1.5m. ['Three sales completed in H1 for £1.5m']

Announced: 23 Dec 2025 · Hipper House due January; two others agreed subject to contract
Latest: 20 Aug 2026 · Three sales completed in H1 for £1.5m
Why: Completes sale of surplus Walton Works land, with the net proceeds used to reduce current bank debt.
Value: £617k · 3% of market value – net consideration payable at completion for c.1.3 acres of Walton Works surplus property, used to reduce bank debt
The business: Rental income £7,000 in 2025; book value £540,000 at 31 December 2025; net consideration £616,665 (gross £1,029,000 less buyer-borne costs of £412,335)
Use of money: Repay debt
What it changes: The May promise of in-line profit is reversed: guidance falls to £2.2m-£2.6m, well below last year's £3.6m, as input costs and Poland weigh. Property disposals and the dividend hold, but the 6-8% margin target looks distant.

Exchange and completion of two Chesterfield properties for £2.2m.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

From the company's own announcements. Not investment advice.

Also at Robinson 2 open