Hurstwood

What Hurstwood does

Hurstwood Holdings is a family-owned UK property investment and development company headquartered at 40 Peter Street, Manchester, established circa 1980 and controlled by the Ashworth family since 1994. It owns and manages a mixed-use portfolio exceeding £400 million in value across approximately 150 locations in England, Scotland, and Wales, with 1,500+ occupiers. The core platform operates through three commercial segments: commercial property investment (office, industrial, retail, and leisure multi-let estates — including flagship schemes such as the £40m, 200,000 sq ft Lune Business Park in Lancaster), residential development through the Hurstwood Homes and Tabley Homes brands (75+ homes in build via an £18m OakNorth facility across Lancashire and Cheshire), and self-storage via the Lock It Self Storage brand launched in 2023 with expansion to Lancaster and Rossendale in 2025. Tenant rents span £250/month for small office suites to £60,000+/year for larger industrial and leisure units, with promotional rent-free incentives offered in 2026.

The business model combines recurring subscription-like rental income across a nationally diversified commercial portfolio, one-time revenue from residential property sales and heritage land development (notably the 42-apartment Heritage Arcade, Rawtenstall), and an emerging recurring self-storage subscription stream. Customer segments are dominated by small and medium enterprises seeking flexible lease terms in high-demand locations, alongside national retail/leisure operators and individual residential buyers. Major tenants span printing and mailing (Morson), office supplies (Spaceright Europe), surveying (Quadrant Surveying), agriculture (B A Bush & Son), fitness operators, and Vue Cinemas at the Lancaster multiplex. GTM is sales-led and direct via in-house lettings and estates teams, listed properties on company websites, and earned regional PR coverage.

In March 2026, leadership transitioned with Sam Ashworth succeeding his father Stephen Ashworth (FRICS, founder of Lock It Self Storage and former EY Entrepreneur of the Year North Region 2006) as CEO; Stephen remains as Executive Chairman and major shareholder. The company is funded through a mix of revolving facilities with OakNorth (£23.5m+ disclosed) and Handelsbanken (£15m refinance), with Andy Park as part-time CFO and joint founder of the related Crystal Holdings vehicle. The group has no external institutional investors and operates as a classic founder-family enterprise with over 30 years of continuity under Ashworth stewardship.

Name

Hurstwood

Legal name

Hurstwood Holdings

Website

https://hurstwoodholdings.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Hurstwood Holdings is a family-owned UK property investment and development company operating a £400m+ mixed-use portfolio across approximately 150 locations and 1,500+ occupiers. It serves SME and national commercial tenants, retail/leisure operators, and residential buyers through its Hurstwood Commercial, Hurstwood Homes, Tabley Homes, and Lock It Self Storage brands.

Ownership category

akta.pro rank

Product category

Commercial Property Investment and Management

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Nonresidential Property Managers (531312), Lessors of Miniwarehouses and Self-Storage Units (53113), Residential Property Managers (531311), Management of Companies and Enterprises (551)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510), Real Estate Dealers (For Their Own Account) (6532), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Office Property Management (BPAJAGAA)

Keywords

• Commercial property investment
• Residential property development
• Commercial property lettings
• Self storage facilities
• Property asset management

Headquarters

HQ city

Manchester

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

1. Commercial Property Rental Income: Hurstwood Holdings generates recurring rental income from its commercial property portfolio comprising office, industrial, retail, and leisure properties across approximately 150 locations nationwide. The portfolio includes multi-let industrial estates, business centres, office parks, and retail spaces. Tenants range from small SMEs to larger national businesses.
2. Residential Property Sales: Through its residential brands Hurstwood Homes and Tabley Homes, the company develops and sells new homes. The residential development pipeline includes projects across Lancashire and Cheshire, with properties sold to individual buyers and investors. Heritage Arcade in Rawtenstall represents a land development opportunity for 42 apartments sold on the open market.
3. Self Storage: Through the Lock It Self Storage brand, launched in early 2023, the company provides self storage services. The first site is on Standishgate, Wigan, with further locations identified in Lancaster and Rossendale for launch in 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Hurstwood Holdings invests in, develops and manages a mixed-use UK property portfolio comprising commercial (office, industrial, retail, leisure), residential and self-storage assets. The group leases commercial space to 1,500+ occupiers across approximately 150 locations, develops and sells new homes under the Hurstwood Homes and Tabley Homes brands, and operates self-storage facilities under the Lock It Self Storage brand.

Product overview

Hurstwood Holdings is a family-owned property investment and development company operating as a unified platform with multiple specialized divisions. The core platform manages a £400+ million mixed-use property portfolio across commercial (office, industrial, retail, leisure), residential, and self-storage sectors. The portfolio spans approximately 150 locations supporting over 1,500 occupiers. The company operates through three primary sub-brands: Hurstwood Commercial (commercial property management), Hurstwood Homes/Tabley Homes (residential development), and Lock It Self Storage (self storage facilities). Major development projects like Lune Business Park demonstrate integrated mixed-use development capabilities. The company is headquartered in Manchester with national coverage across England, Scotland, and Wales.

Differentiator

Problem solved

Functional benefit

Brands

• Hurstwood Homes: Residential property development brand under Hurstwood Holdings, developing homes across various UK locations.
• Tabley Homes
• Lock It Self Storage

Products and services

• Hurstwood Commercial Property Lettings Leasing of office, industrial, retail and leisure properties to UK businesses across approximately 150 locations in England, Scotland and Wales. Office suites rent from £250/month, industrial units from £600/month, retail units from £625/month, and leisure units around £32,600 per annum, with minimum terms of 12 months for offices and 3 years for industrial space. Tenants range from SMEs to national corporates across 1,500+ occupier relationships.
• Hurstwood Homes (New Home Sales) Residential property development and sale of new-build homes under the Hurstwood Homes brand across Lancashire, Cheshire and other UK locations. Three active schemes comprise 75 new homes ranging from apartments to 4-bedroom detached houses, with prices on application and individual buyer or investor customers.
• Tabley Homes (New Home Sales) Residential development brand under Hurstwood Holdings, building quality homes across selected UK locations alongside the Hurstwood Homes brand. Part of the 75-home development pipeline in Lancashire and Cheshire funded by OakNorth.
• Lock It Self Storage Self-storage facilities operated under the Lock It Self Storage brand, with the flagship site on Standishgate, Wigan. Expanding to Lancaster and Rossendale, with units rented on recurring monthly subscription terms to individuals and small businesses needing storage space.
• Lune Business Park A major mixed-use 23-acre development scheme in Lancaster providing 200,000 sq ft of new industrial space comprising 65 lettable units ranging from 1,000 sq ft to 150,000 sq ft. Phase One is fully let and a planning application for a six-court indoor padel facility on the site has been submitted, demonstrating Hurstwood's integrated mixed-use development capability.
• Residential Lettings Residential rental properties offered as part of the Hurstwood portfolio, such as apartments at 73 Bank Street, Rawtenstall at £500/month for 574 sq ft, providing recurring rental income from individual tenants.

Quantifiable outcome

• Four consecutive record years of performance reported heading into 2025.
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• P4 PadelminorStrategic or Co-development Partner · 28 May 2026P4 Padel will design and fit out an indoor six-court padel facility at Lune Business Park, Lancaster, and operate the facility under a five-year lease. Hurstwood Holdings will design and build the 15,000 sq ft warehouse-style building. This represents a leisure development partnership at Lune Business Park.
• Vue CinemascoreStrategic or Co-development Partner · 26 January 2026Vue Cinemas operates the six-auditorium multiplex cinema acquired by Hurstwood Holdings at Lancaster city centre. Vue has identified the asset as one of its key city centre locations and has earmarked it for further investment and refurbishment. This positions the cinema as a long-term occupied asset under Vue's operation.
• King Street Real EstateminorImplementation/ SI/ Consulting Partner · 26 January 2026Darren Moorhouse of King Street Real Estate worked closely with Stephen Ashworth and the Hurstwood team navigating a complex process under tight deadlines in order to complete the Vue Cinema Lancaster acquisition deal in less than five weeks.
• GateleyminorImplementation/ SI/ Consulting Partner · 26 January 2026Gateley provided legal advice alongside Hurstwood's in-house legal advisor Jayne Hindle for the Vue Cinema Lancaster acquisition deal.

Scale indicators16 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Helical plc: UK-based property investment and development company focused on office and mixed-use assets in regional cities. Comparable to Hurstwood in its mixed-use investment strategy and active repositioning of UK commercial property.
• Clearbell Capital: Privately-held UK commercial real estate investment manager with a diversified portfolio across offices, industrial, retail, and leisure. Directly comparable to Hurstwood's mixed-use investment approach and regional UK focus.
• Frogmore Real Estate Partners: UK real estate investment manager with a portfolio of commercial assets across office, retail, and industrial sectors. Comparable to Hurstwood's multi-sector UK commercial property investment strategy.
• Cording Real Estate Group: European and UK property investment group with a focus on commercial real estate assets. Comparable to Hurstwood's commercial property investment and asset management activities across multiple sectors.
• Hansteen Holdings: UK and European industrial property investment company. Closely comparable to Hurstwood's substantial multi-let industrial portfolio across regional UK locations.
• Regional REIT: UK regional commercial property investment trust focused on offices and industrial assets outside London. Comparable to Hurstwood's regional UK commercial property portfolio with similar tenant mix.
• LXi REIT: UK commercial property REIT focused on long-let, institutional-grade assets including industrial and logistics. Comparable in commercial property investment approach and UK regional coverage.
• Ediston Property Investment Company: UK commercial property investment company with a diversified portfolio across offices, industrial, retail, and leisure. Directly comparable to Hurstwood's multi-sector UK commercial property strategy.

Broad incumbents

• SEGRO plc: Leading UK and European owner, manager, and developer of industrial and logistics property. A larger incumbent with overlapping industrial real estate activities comparable to Hurstwood's significant industrial portfolio.
• British Land: Major UK commercial property REIT with mixed-use office and retail portfolios. A broader incumbent offering overlap with Hurstwood's office and retail segments, though at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Hurstwood
• YouTubeyoutube.com/channel/UCINR7cUJ_BCosJaQ4omju4g
• Facebookfacebook.com/hurstwoodholdings
• LinkedInlinkedin.com/company/hurstwood
• Instagraminstagram.com/hurstwoodholdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hurstwood