Harworth Group
 | |
| Company type | Public limited company |
|---|---|
| LSE: HWG | |
| Industry | Real Estate |
| Headquarters | , |
Key people |
|
| Revenue |  £166.7 million (2023)[1] |
 £44.5 million (2023)[1] | |
| £27.8 million (2023)[1] | |
| Website | harworthgroup |
Harworth Group plc ("Harworth") is a property developer that specialises in regenerating brownfield sites[2] in Yorkshire, the Midlands, and North West England.[3] The company is headquartered in Rotherham in South Yorkshire. It is listed on the London Stock Exchange and is a member of the FTSE 250 Index.[4]
History
[edit]Harworth Estates was established in 2004 as the property division of UK Coal, named after the location of its headquarters in the village of Harworth in Nottinghamshire.[5]
Following a restructuring in December 2012, UK Coal became Coalfield Resources plc. The new company owned 24.9% of Harworth Estates, with the remaining 75.1% owned by UK Coal's pension trustees, and later transferred to the Pension Protection Fund.[6]
In March 2015, Coalfield Resources bought the remaining 75.1% of Harworth Estates from the Pension Protection Fund for £150 million. The acquisition was financed through a mixture of issuing new shares to the Pension Protection Fund and raising money though a public offering.[7] It was renamed Harworth Group plc and was listed on the London Stock Exchange.[8]
In March 2018, Alastair Lyons joined the business as Chairman. In November 2020, Lynda Shillaw was appointed Chief Executive.[9]
As of 2023, the Pension Protection Fund retained a 23% holding in the business. The Peel Group owned a further 14% through its subsidiary, Goodweather Investment Management.[10]
Operations
[edit]
Harworth owns approximately 14,000 acres (5,700 ha) of land across 100 sites, much of which is on the sites of old coal mines in the north of England and the Midlands. The business remediates land, takes it through the planning system, adds infrastructure and then either sells land to housebuilders or constructs industrial units.[9]
In 2018 Harworth established a regional operating model, creating three regional teams: Yorkshire & Central, Midlands and North West.[11]
Major sites
[edit]Harworth is the owner or developer of a number of sites:
- Advanced Manufacturing Park in Rotherham, South Yorkshire[12]
- Ironbridge power station in Ironbridge, Shropshire[13]
- Phesant Hill Park in South Yorkshire, site of the former Rossington Colliery[14]
- Prince of Wales Colliery in Pontefract, West Yorkshire[15]
- Skelton Grange power station in Leeds, West Yorkshire[16]
- Simpson Park, Nottinghamshire, site of the former Harworth Colliery[17]
- Thoresby Vale, Nottinghamshire, site of the former Thoresby Colliery[18]
- Waverley, South Yorkshire in Rotherham, South Yorkshire, site of the former Orgreave Colliery[19]
References
[edit]- ^ a b c "Annual Report 2023" (PDF). Harworth Group. Retrieved 6 February 2024.
- ^ Mould, Russ (31 August 2023). "Questor: We've already made a 75% gain and this company boss wants to double in size". The Telegraph.
- ^ Armitage, Jim. "Harworth directors ignite hot property". The Times.
- ^ "Network International Holdings (UK): Constituent Deletion - Update Changes in FTSE UK Index Series". FTSE Russell. 12 September 2024. Retrieved 16 September 2024.
- ^ "UK Coal likely to reject investment fund's approach". The Independent. 24 December 2007. Retrieved 6 February 2024.
- ^ "Successor company to UK Coal to become a property developer". Financial Times.
- ^ "Coalfields ready to rebrand as it buys Harworth". City AM. 3 March 2015. Retrieved 6 February 2024.
- ^ "Confirmation of change of name to Harworth Group plc". Investegate.
- ^ a b Howard, Tom. "Harworth's northern exposure means its boss Lynda Shillaw is relishing life at the coalface". The Times.
- ^ "Share Information - Harworth". harworthgroup.com. 2016-05-17. Retrieved 2024-02-16.
- ^ "HARWORTH GROUP APPOINTS REGIONAL DIRECTORS". Insider Media.
- ^ "Advanced Manufacturing Park". Invest Rotherham. Retrieved 6 February 2024.
- ^ "Ironbridge Power Station redevelopment: First parcel of land sold for village plans". Shropshire Star. 12 January 2023. Retrieved 6 February 2024.
- ^ "Work starts on housing scheme at Rossington colliery site". BBC News. 6 May 2015.
- ^ "Prince of Wales, Pontefract". DLA Architecture. Retrieved 6 February 2024.
- ^ Kilgannon, Laurence (16 March 2016). "Keyland sells EZ hub stake to regeneration firm". Insider Media Ltd. Retrieved 5 July 2018.
- ^ "All homes sold at development on former Harworth Colliery site". Jones Homes. 28 June 2022. Retrieved 6 February 2024.
- ^ "Work begins on first 143 homes that will transform former Notts colliery". Nottinghamshire Live. 3 June 2020.
- ^ "Four star 150 bedroom Marriott Hotel and 172 homes set to be built on site of Orgreave colliery in South Yorkshire". The Yorkshire Post. 3 February 2022. Retrieved 6 February 2024.