Net margin at Lioncourt Homes widened to 5.2%

Lioncourt Homes (Development No. 1) Limited, a UK property developer, reported revenue of GBP 39.6m for the year to March 2026, up 41.9% from GBP 27.9m. Net profit rose to GBP 2.1m from GBP 43.1k a year earlier. The net margin widened to 5.2% from 0.2%, a gain of 5.1 pp. These are consolidated figures in pounds sterling under UK GAAP. Equity ended the year at GBP 23.2m, up from GBP 21.1m.

In housebuilding, revenue is usually booked when homes are completed and sold, not as they are built. A year with more completions can therefore lift sales and profit together, while a quiet year leaves costs with little income to cover them. The accounts do not show how many homes were completed. I would not read the margin as a new normal: one year of 5.2% says little about the next. It does show a developer that moved from break-even to a profit.