Mission Statement, Vision, & Core Values (2025) of Harworth Group plc.

An Overview of Harworth Group plc

General Summary of Harworth Group plc

Founded in 2007, Harworth Group plc has developed a strong reputation as a real estate developer specializing in the regeneration of land and the development of sustainable communities across the UK. The company's primary focus is on brownfield land, where it creates residential and commercial properties. Harworth aims to rejuvenate underutilized sites to deliver social and economic benefits.

As of 2024, Harworth Group plc's diverse portfolio includes over 12,000 acres of land, with approximately 4,000 acres currently under development. The company's revenue streams are primarily derived from residential sales, commercial leases, and land sales. In the latest sales figures, the company reported total sales of approximately £80 million.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for the year ending December 2023, Harworth Group plc achieved a record-breaking revenue of £150.2 million, representing an increase of 25% year-on-year. The growth is attributed to the strong demand for housing and commercial properties, particularly in the Midlands and North of England.

The substantial revenue increase was driven by the sale of residential units, with over 500 new homes sold in 2023 alone. Furthermore, the company's focus on developing sustainable and environmentally friendly properties has attracted additional investment, supporting its growth initiatives.

Introduction to Harworth Group plc as an Industry Leader

Harworth Group plc is recognized as one of the leading companies in the UK real estate and land development sector. With a strong commitment to sustainability and community enhancement, the company has positioned itself as a preferred partner for local authorities and private investors alike. Its strategic focus on brownfield regeneration not only contributes to environmental sustainability but also promotes urban renewal.

To understand why Harworth Group plc is thriving in a competitive market, explore the company's comprehensive approach to regeneration, innovative development strategies, and commitment to delivering value for stakeholders.

Mission Statement of Harworth Group plc

Mission Statement Overview

The mission statement of Harworth Group plc serves as a guiding framework for the company's long-term objectives, emphasizing its commitment to sustainable development and creating value through strategic land development and investment. This mission reflects a dedication to delivering high-quality services and products to stakeholders while ensuring environmental responsibility.

Core Component 1: Sustainable Development

One of the primary components of Harworth's mission is a focus on sustainable development. The company aims to revitalize land and communities, promoting a balance between economic growth and environmental stewardship.

For example, in 2022, Harworth successfully delivered over 1,200 new homes across its strategic sites, contributing positively to the local housing markets. Additionally, the company maintains a commitment to achieving net-zero carbon emissions by 2030, which involves extensive planning and execution of eco-friendly projects.

Core Component 2: Stakeholder Value

Another critical element of Harworth's mission is the commitment to creating and enhancing value for all stakeholders involved. This includes investors, employees, local communities, and the environment.

In 2023, Harworth reported a strong financial position, with revenues increasing by 15% year-on-year, reaching £57 million. The company’s Total Shareholder Return (TSR) over the last three years has averaged approximately 10% annually. This performance showcases its effectiveness in creating shareholder value while simultaneously addressing community needs.

Core Component 3: Quality and Innovation

Harworth Group places a significant emphasis on delivering high-quality products and services through innovation. The company continually invests in new technologies and methodologies that enhance its operational efficiency.

In 2023, Harworth allocated £5 million towards research and development initiatives, focusing on innovative construction techniques and sustainable materials. The introduction of advanced geotechnical solutions has been instrumental in reducing project timelines by approximately 20% while minimizing environmental impact.

Vision Statement of Harworth Group plc

Vision Statement Overview

The vision statement of Harworth Group plc reflects its commitment to transforming land and property for sustainable development, focusing on creating value through the regeneration of brownfield sites and fostering environmental stewardship. As of 2024, Harworth aims to lead the market in creating environments that enhance quality of life while supporting national and regional economic growth.

Sustainable Development Goals

Harworth Group plc emphasizes the importance of sustainable development in its vision. The company is dedicated to achieving the following goals:

• Reduction in carbon emissions: Targeting a 50% reduction in emissions by 2030.
• Enhancing biodiversity: Creating habitats across all new developments with a goal of increasing biodiversity by 20%.
• Community Engagement: Involving local communities in all stages of development, aiming for 95% local satisfaction in project surveys.

Strategic Land Development

Harworth Group intends to focus on strategic land development, particularly in deprived areas. The vision includes:

• Acquiring new sites: Aiming for a target of 2,000 acres in development by 2024.
• Investment in infrastructure: Projecting an investment of £100 million in local infrastructure improvements over the next three years.
• Job creation: Projecting to create over 10,000 jobs through its development projects by 2025.

Innovation in Regeneration

Innovation is key to Harworth's vision statement, with a focus on:

• Adopting new technologies: Implementing smart city technologies across 50% of new developments by 2025.
• Reducing wastage: Aiming for zero waste to landfill from construction activities by 2024.
• Enhancing energy efficiency: All new builds are to have at least an BREEAM rating of ‘Very Good’.

Financial Performance Metrics

Financial metrics support Harworth's vision of sustainable growth:

Community and Stakeholder Engagement

Harworth Group prioritizes community and stakeholder engagement in its vision, targeting:

• Stakeholder consultations: Conducting 80% of projects involving community consultations by 2024.
• Community investments: Allocating £10 million per year towards local community projects.
• Partnerships with local organizations: Establishing 25 partnerships by 2025 to enhance community involvement.

Core Values of Harworth Group plc

Integrity

The core value of integrity at Harworth Group plc emphasizes honesty and transparency in all business dealings. It fosters trust among stakeholders, including clients, employees, and the community.

Harworth Group demonstrates its commitment to integrity through various initiatives:

• Annual sustainability reporting that includes third-party verification of its environmental impact and compliance measures.
• A whistleblower policy that encourages employees to report unethical behavior without fear of retaliation, ensuring transparency and accountability.

Collaboration

Collaboration is vital to Harworth Group, reflecting its belief that teamwork leads to innovative solutions and enhanced productivity.

Examples of how this value is manifested include:

• Partnerships with local authorities to develop brownfield sites, resulting in over 2,500 housing units across various projects since 2021.
• Joint ventures with regional stakeholders in renewable energy projects, such as the 60 MW solar farm established in 2023, contributing to community energy initiatives.

Excellence

The pursuit of excellence at Harworth Group drives its commitment to high-quality performance in all aspects of its operations.

Key examples include:

• Achieving a 5-star rating in the British Safety Council’s Occupational Health and Safety Audit.
• Investment of over £14 million in upgrading facilities and technology to enhance operational efficiency in 2023.

Innovation

Innovation is a cornerstone value at Harworth Group, embodying the spirit of continuous improvement and adaptation to market dynamics.

Specific programs demonstrating this commitment include:

• The deployment of a digital platform in 2023 to monitor property developments and enhance project management efficiency, resulting in a 20% reduction in project timelines.
• Investment in R&D initiatives focusing on sustainable building practices, targeting net-zero carbon emissions from operations by 2030.

Community Engagement

Community engagement reflects Harworth Group’s commitment to being a responsible corporate citizen, actively participating in the welfare of the communities in which it operates.

Examples of initiatives include:

• A community fund supporting local projects with £500,000 allocated in 2023 to improve local amenities.
• Partnership with educational institutions to provide internships and training opportunities, contributing to the workforce development in local areas.

Sustainability

Sustainability is integral to Harworth Group’s operations, guiding decisions that balance economic growth with environmental stewardship.

Demonstrated through:

• Adoption of a sustainability strategy aimed at achieving net-zero carbon emissions by 2030, focusing on reducing waste and improving energy efficiency in all projects.
• Active participation in environmental initiatives, such as tree planting programs, with a goal to plant 100,000 trees by 2025.