Honey, which is backed by private equity, ‘on target’ to build 750 homes in 2026
A housebuilder set up by the former chief executive of Avant Homes has said it will report a turnover of more than £70m in its first year of trading and will have built 750 homes this year.
Honey, which is backed by private equity firm Alchemy Partners, said it has completed 288 legal completions across its 10 live sites in Yorkshire and the Midlands in the year to 31 December.
The 1,000 homes in 2026 figure would put it in the top 20 housebuilders by completions. It said it has negotiated £160m of secured bank facilities, providing the “financial firepower” to achieve this.
The Sheffield-based firm said that as of this week it has secured 29 sites that will deliver 4,371 homes with a combined gross development value of £1.3bn.
Boss Mark Mitchell said: “Our performance has been driven by smart land acquisition, building a distinctive brand and delivering homes which provide the best combination of style, substance and sustainability at their price points.”
Honey’s full year results are expected to be published before the end of next month. The firm was set up in October 2022.
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