United Living winds down homes division
Current projects will be completed, but the Warrington contractor will refrain from taking on new work as it effectively concludes its £136m-turnover new-build housing business.
The news comes through a statement in United Living’s results for the year ending March 2025.
“The group has made the strategic decision to wind down its new homes business to enable focus on the success and growth of the core infrastructure pillars,” it read. It is understood that the housing division was chosen to be sacrificed after a review by United Living’s owner, Apollo Impact Mission Fund.
Among the housing projects United Living was working on was Plus Dane Housing’s 88-home, £21m neighbourhood in Prescot.
Winding down the housing division was listed as costing the company £22m.
However, that was only a dent in the group’s operations. It reported a £718m revenue for the year, up from £627m last year. Its adjusted earnings before taxes were £68.5m, up 33% from £51.4m the year before. United Living’s pre-tax cash profit of £38.5m for its infrastructure work – up from £29.4m.
United Living maintained a secured order book of £3.2m, as of March 2025, with £920m of contracts procured over that year. This includes £250m for HyNet’s carbon dioxide pipeline and carbon capture storage scheme in the Liverpool Bay.
Other notable contract awards included a space on the £150m United Utilities 10-year framework, £40m for property repairs and maintenance for property owned by the London Borough of Harlow, and £36m for repairs on Sovereign Networks Group’s properties in the South.
“We are pleased to announce another record financial result for United Living Group, ending the year with a robust cash position and a significant forward order book that reflects sustained growth across our business,” said Neil Armstrong, chief executive of United Living Group.
“Our sectors continue to benefit from powerful long-term drivers from critical infrastructure investment linked to decarbonisation, resilience, digital connectivity, and demand for safe, sustainable living environments,” he continued.
“These trends are creating increasing demand for the services United Living is well placed to deliver.”
Armstrong continued: “Since the Apollo Impact’s investment in August 2023, we have accelerated our strategy by making six strategic acquisitions, with two post-period-end, that strengthen our expertise and broaden our capabilities across critical markets, including power distribution, water infrastructure, engineering services, and digital solutions for net zero.
“United Living’s diverse and resilient platform means the group is well positioned to drive continued organic growth and deliver further value through targeted acquisitions, supporting the UK’s essential critical infrastructure.”
