Full-Time
UK residential development
No salary listed
Shropshire, UK + 1 more
More locations: Tamworth, UK
Remote
See people who can refer or advise you
Crest Nicholson is a UK housebuilder and residential developer. It acquires land, plans communities, builds homes, and supports property sales and post-completion customer service. The company works with homebuyers, landowners, local authorities, contractors, consultants, and communities involved in residential development. Its project model connects land and planning with design, construction, commercial management, procurement, sales, customer care, and corporate functions. Work spans land, planning, architecture, construction, quantity surveying, procurement, sales, customer care, and finance.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Addlestone, United Kingdom
Founded
1963
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Paid Vacation
Flexible Work Hours
Commuter Benefits
Gym Membership
Performance Bonus
Housebuilder Crest Nicholson warns of annual loss in 'subdued' property market. Firm will complete fewer homes than expected in year to 31 October - between 1,350 and 1,400 The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a "subdued" property market. In an unscheduled trading update, the company said it would complete fewer homes than expected in the year to 31 October - between 1,350 and 1,400, down from its previous estimate of 1,400 to 1,500. Conditions in the property market have been "more subdued" than expected during the summer, which is typically quieter as many people go on holiday. Crest said its sales rate had slowed over the past six weeks compared with the first half of the year as "affordability constraints and competitive pricing" dragged down demand. The company now expects to slide into the red, with an operating loss of about £10m, reversing an earlier forecast of a profit of between £5m and £10m. It is the third profit warning since April. The Crest share price plunged more than 10% on Thursday morning. Building material prices remain about 3% to 4% higher on average. Crest has closed one divisional office and cut 50 jobs in recent months. It reported a pre-tax loss of £35.2m for the six months to the end of April. However, it is reducing its borrowings faster than expected, and expects net debt of £70 to £90m at the end of October, down from the £100m to £120m flagged previously. The Surrey-based company has been trying to renegotiate its banking covenants with lenders for some time to ensure it has enough funding in the future. It described the talks as constructive but anticipated "some slippage in the current timetable", indicating the negotiations were taking longer than expected. Martyn Clark, the chief executive, said: "While the trading backdrop has remained difficult through the summer, we are making tangible progress on the actions within our control. "Although the timing of a broader market recovery remains uncertain, the group is taking the right actions to protect liquidity and improve operational execution, while positioning the business for recovery when market conditions normalise." The outlook for the property market has been clouded this year by the impact of the US-Israel war on Iran. The conflict has pushed up oil prices, stoking fears over inflation and this week leading to turmoil in bond markets. UK swap rates, which lenders use to price mortgages, have risen to a three-year high, as this week's global bond market sell-off ripples through the economy.
Crest Nicholson issues profit warning after 'difficult summer' Housebuilder Crest Nicholson has lowered its guidance on expected home completions and now predicts a loss of £10m for this financial year due to difficult trading conditions over the summer. In a trading update, the group revealed that over the past six weeks, its average weekly sales rate fell to 0.35, down from 0.48 in the first half of the year and 0.55 in the same period last year. It has changed its prediction for earnings before interest and tax changed from previous guidance of a £5m to £10m profit to an expected £10m loss. The housebuilder now expects full year completions to stand between 1,350 and 1,400 homes, down from its previous guidance of 1,400 to 1,500. At time of reporting, the group's share price fell 11.3% to 54.4p per share. Crest Nicholson attributed the drop in profitability to a lower then expected number of completions following weaker open-market demand and continued competitive pricing, particularly in bulk deals. In July, it reported a £35.2m loss before tax for the first half of the year, as total completions fell to 584 from 739 at the same point last year. Chief executive Martyn Clark said: "While the trading backdrop has remained difficult through the summer, we are making tangible progress on the actions within our control. Our cash optimisation programme is delivering." Clark said the group's "expected year-end net debt position is now materially better", with Crest Nicholson expecting the figure to stand at between £70m to £90m, down from the previous guidance of £100m to £120m. He added: "The group continues to make good progress against its strategic priorities. We are building a stronger operational platform through tighter cost control, improved procurement, disciplined land and WIP [work in progress] management, and a continued focus on build quality and customer service. "Although the timing of a broader market recovery remains uncertain, the group is taking the right actions to protect liquidity and improve operational execution, while positioning the business for recovery when market conditions normalise."
Crest Nicholson cuts earning targets again after 'difficult' summer. By PA News Agency Housebuilder Crest Nicholson has warned it will tumble to an earnings loss this year (Alamy/PA) Housebuilder Crest Nicholson has said its earnings are on track to slide to a surprise loss after "difficult" trading over the summer. The Surrey-based company said it is set to deliver fewer home completions than previously expected as a result. It told shareholders that conditions in the property market had been "more subdued" than expected during the summer season, which is typically quieter for activity. Crest said its sales rate had slowed further over the past six weeks as "affordability constraints and competitive pricing" pressed down on demand. The company expects to deliver between 1,350 and 1,400 home completions over the current financial year, down from previous guidance of 1,400 to 1,500. It also said it is set for a loss in earnings before interest and tax of around £10 million, having previously guided towards a profit of between £5 million and £10 million. It is the third time the company has reduced its earnings guidance since April. The firm blamed lower expected completions driven by weaker demand on the open market and pricing pressure. Building material prices remain about 3%-4% higher on average. The business reported a pre-tax loss of £35.2 million for the six months to the end of April in its previous update. Crest Nicholson added that it is reducing its debt levels quicker than expected, cutting its previous debt guidance by around £30 million. Chief executive Martyn Clark said: "While the trading backdrop has remained difficult through the summer, Your IVF Ab is making tangible progress on the actions within its control. "Its cash optimisation programme is delivering with the expected year-end net debt position now materially better. "Although the timing of a broader market recovery remains uncertain, the group is taking the right actions to protect liquidity and improve operational execution, while positioning the business for recovery when market conditions normalise." More Stories
Crest Nicholson issues profit warning as lender talks slip. Aaron Morby 2 hours ago Crest Nicholson has issued a profit warning after weaker summer trading pushed the house builder from an expected profit into a forecast £10m operating loss. CEO Martyn Clark warns house builder will fall into the red after weaker summer sales The group had previously guided to EBIT profit of between £5m and £10m for the year. It has also cut its completions forecast to 1,350-1,400 homes from 1,400-1,500 as affordability pressures and competitive pricing continue to hit sales. The warning came as Crest revealed talks with lenders over amendments to its banking covenants are taking longer than expected. The group said discussions remained constructive but now anticipated "some slippage" in the timetable for agreeing changes designed to ensure sufficient funding and liquidity. In a trading update this morning Crest said that open-market trading has weakened sharply over the summer, with the net sales rate falling to 0.35 over the last six weeks from 0.48 in the first half and 0.55 during the same period last year. Crest said pricing pressure remained particularly acute on bulk sales, while weaker completions and further net realisable value provisions on a small number of sites had also hit expected profitability. Despite the profit downgrade, Crest said its cash optimisation programme was performing ahead of plan. Year-end net debt is now expected to fall to £70m-£90m, around £30m better than previous guidance of £100m-£120m, helped by land disposals and a further material recovery linked to historic fire remediation. Chief executive Martyn Clark said: "While the trading backdrop has remained difficult through the summer, Ibsecad Limited is making tangible progress on the actions within its control. "Its cash optimisation programme is delivering with the expected year-end net debt position now materially better. "The Group continues to make good progress against its strategic priorities. We are building a stronger operational platform through tighter cost control, improved procurement, disciplined land and work in progress management"
Crest Nicholson and Community Wood Recycling celebrate 15 years. Aug 13, 2026 National housebuilder Crest Nicholson is celebrating 15 years of partnership with Community Wood Recycling, a social enterprise that reduces waste, conserves resources and creates employment opportunities for disadvantaged people. Over the past 15 years, Community Wood Recycling has reused or recycled wood from across 165 Crest Nicholson sites. The partnership has also created the equivalent of 6,762 weeks of paid work and more than 2,020 weeks of training, helping disadvantaged people gain skills, confidence and a route back into employment. To mark this milestone, Richard Mehmed, founder and Managing Director of Community Wood Recycling (pictured left), met with Martyn Clark, Chief Executive Officer of Crest Nicholson, at the Windsor Gate development to present him with a handcrafted wooden replica of the Stratford house type, made entirely from recycled oak. Richard said: "What has made this partnership so valuable is not any single achievement, but its longevity. For fifteen years, Crest Nicholson has provided the consistent support that social enterprises need to grow and thrive. "I'd like to thank Crest Nicholson for its trust, continued support and commitment to creating environmental and social value through reuse. Together, we've shown that waste wood can become much more than a waste management issue. It can become jobs, skills, confidence, community assets, opportunities and second chances." Martyn Clark added: "Its partnership with Community Wood Recycling demonstrates how long-term collaboration can deliver meaningful environmental and social benefits alongside its day-to-day operations. "Over the past 15 years, we've worked together to reduce timber waste, support the circular economy and help create employment and training opportunities for people who need them most. We're proud of what we've achieved together and look forward to building on this successful partnership." Working with Community Wood Recycling is just one example of how Crest Nicholson is committed to reducing its climate impact, conserving resources and enhancing biodiversity. This commitment has recently been recognised through a Silver Award in the Waste Reduction category at the Commonwealth Environment and CSR Awards, as well as Crest Nicholson being the highest ranked UK housebuilder in the Financial Times Europe's Climate Leaders 2026.