Report & Financial Statements 2025
Business as usual.
Clowes Developments are pleased to present the group’s results for the financial year ended 31 March 2025 which in short show turnover of £147.1m and operating profit before exceptional items of £5.4m.
The shortfall in operating profit and return on sales in the current year is mainly due to movements in property valuations and is particularly prevalent in the previous year which reflects the positive effect of the re-classification of property stock to fixed asset investment properties.
£147.1m turnover
Chairman of Clowes Developments, David Clowes, said:
I would like to take this opportunity to thank the wonderful team at Clowes for their continued commitment and endeavour without whom none of this would be possible. This year has not been without its challenges and I expect 2025-26 to be equally challenging. However, with continued effort from our dedicated team and a strong balance sheet, I look forward to meeting those challenges head on.
