Churchgate

One Heritage Group plc: Full year results for the year ending 30 June 2023

Retrieved on: 
Tuesday, November 7, 2023
Sale, Real estate development, Acquisition, Risk, Heritage, Victoria Road, Accounting, LSE, Parent, Lincoln House, Liberty House, Howard County Housing and Community Development, Northern England, Construction, Pharmaceutical industry, Property management, Tunnel, Churchgate, Eccleshill

One Heritage Group PLC (LSE: OHG), the UK-based residential developer, development manager and property manager focused on the North of England, is pleased to announce its audited results for the year ended 30 June 2023 (FY 2023).

Key Points: 
  • One Heritage Group PLC (LSE: OHG), the UK-based residential developer, development manager and property manager focused on the North of England, is pleased to announce its audited results for the year ended 30 June 2023 (FY 2023).
  • Increase in revenue of £13.84m, +792% on the prior year, from £1.75m to £15.59m, driven by 71 sale completions during the period.
  • Impairment was £1.09m in the period, a decrease of £0.01m on the impairment reported in the interim announcement.
  • In May 2023, the Group received its Arla Propertymark accreditation, a nationally recognised code of practice, for its Lettings operation.

One Heritage Group plc: Trading and Corporate Update

Retrieved on: 
Tuesday, July 4, 2023
GDV, LSE, Heritage, NAEA Propertymark, Seaton House, Lincoln House, Risk management, Government, Sale, OHG, ARLA, Investment, England, Construction, Property management, Victoria Road, Churchgate

One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, today provides an update on the progress of projects, changes to its senior management team and being awarded the Propertymark accreditation.

Key Points: 
  • One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, today provides an update on the progress of projects, changes to its senior management team and being awarded the Propertymark accreditation.
  • One Heritage is delighted to announce that it has exchanged contracts for the bulk purchase of twenty apartments at Lincoln House, Bolton.
  • Construction has also commenced in May 2023 on Victoria Road, Eccleshill, West Yorkshire, with target completion expected in H2 2024.
  • The Group is also delighted to announce it has received the Arla Propertymark accreditation in May 2023 for its lettings operation.

One Heritage Group plc: Trading Update

Retrieved on: 
Thursday, February 2, 2023
OHG, Churchgate, Development, Bank Street, Regeneration, Seaton House, Victoria Road, Heritage, MAR, Risk management, LSE, Interim, Acquisition, England, Security (finance)

One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is providing an update on the progress of projects, changes to its senior leadership team, extension to shareholder loan facility and acquisition of Seaton House, Stockport.

Key Points: 
  • One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is providing an update on the progress of projects, changes to its senior leadership team, extension to shareholder loan facility and acquisition of Seaton House, Stockport.
  • One Heritage continues to experience industry-wide challenges such as mounting cost pressures in respect of building materials and also sub-contractor labour shortages.
  • The extension provides further working capital whilst the Group completes its Oscar House, St Petersgate and Bank Street developments.
  • The Group would like to express its gratitude to its majority shareholder for the continued support in providing this facility.

One Heritage Group plc: Trading Update

Retrieved on: 
Monday, July 18, 2022
Acquisition, Bank Street, Safety, IPO, Time, Heritage, GDV, Marketing, Lincoln House, Lincoln House (Mumbai), OHC, Victoria Road, Motherboard, Eccleshill, Corporate bond, Project, Warehouse, Nightclub, Management, Group, Churchgate, Seaton House

The Group continues to experience industry-wide challenges including mounting cost pressures in respect of building materials and sub-contractor labour shortages.

Key Points: 
  • The Group continues to experience industry-wide challenges including mounting cost pressures in respect of building materials and sub-contractor labour shortages.
  • Completion of Lincoln House, Bolton is forecasted towards the end of this month and the Group expects to welcome tenants from August.
  • The Group impaired the value of OHC to zero in the financial year end 30 June 2021, following the insolvency of two of its subsidiaries, One Heritage Maintenance Limited and One Heritage Design Limited.
  • As reported in the Interim Report for the six months ended 31 December 2021, the services previously provided by OHC are now being provided by the Group, through One Heritage Property Services Limited and One Heritage Construction Limited.

One Heritage Group plc: Trading update and Directorate Change

Retrieved on: 
Thursday, December 23, 2021
Emerald, Vulnerability and Risk Committee, Construction, Heritage Tower, Central Electricity Generating Board, Audit, Lincoln House (Mumbai), Robin Hood, Review, County court, CFO, Bank Street, IPO, Lincoln House, Board, Association, Company, Safety, Non-executive director, Real estate, Security (finance), Churchgate, Group

A subsidiary of the Group, One Heritage Bank Street Limited, which holds the Bank Street development, terminated the build contract with Emerald Construction (North West) Limited following a thorough review of its performance.

Key Points: 
  • A subsidiary of the Group, One Heritage Bank Street Limited, which holds the Bank Street development, terminated the build contract with Emerald Construction (North West) Limited following a thorough review of its performance.
  • Post termination of the build contract, the Group incorporated One Heritage Construction Limited which will undertake the construction work directly.
  • In October, the Group successfully achieved revised planning consent for a redesign of One Heritage Tower, the 55 storey residential development in Salford.
  • This agreement covers a combination of management, transaction, sourcing and construction services and will provide regular income to the Group.