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Kent’s Vistry Group boosts revenues 30 per cent after move to partnerships model

16 April 2024
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Kent’s Vistry Group has posted adjusted revenues of just over £4 billion for the year ended 31st December 2023 – up 29.7 per cent on the previous year.

Following its £1.1 billion merger with London’s Countryside Partnerships in late 2022, the housebuilder switched strategy to focus exclusively on partnerships housing.

The past financial year has seen Vistry working to integrate Countryside into the business and pivot to this new model.

It’s already delivering results, as the group achieved 16,118 completions in 2023 – 4,167 more than in 2022.

Ralph Findlay OBE, chair of Vistry Group, said: “Following completion of the combination with Countryside, integration moved at pace, taking a collaborative approach focused on building on the best from each business.

“I’m pleased to report that the businesses came together extremely well, with an excellent cultural and business fit.

“Vistry delivered a robust financial performance in 2023, highlighting the resilience of the group’s unique partnerships model, as levels of demand for new houses in the open market remained suppressed.

“The group starts 2024 in a strong position and is focused on delivering tangible progress against its medium-term targets in the year.

“Vistry holds a unique position within the UK’s evolving housing market, and with its strong leadership, is ambitious about its role in delivering much needed affordable housing to the country.”

Ralph also described a ‘period of transition and evolution’ for the company’s board – including his own announcement in January that he would step down as chair this May to be succeeded by Greg Fitzgerald, who’ll hold the combined role of chair and CEO.

Greg added: “It’s been another busy year at Vistry as we’ve implemented change and navigated market challenges.

“Our partnerships model is positioned to deliver sustained growth and market resilience through the cycle.

“The model provides visibility of future revenue and enables us to deliver new homes at greater scale and pace.

“We work in partnership on each of our developments, with a target of around 65 per cent of the total homes across our portfolio of developments presold to our partners.

“I’m very grateful to all of Vistry’s employees and our partners for their hard work and commitment.”


Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

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