Springfield Properties

What Springfield Properties does

Springfield Properties plc is a publicly listed Scottish housebuilder (LSE AIM: SPR) headquartered in Elgin, Moray, operating as the flagship brand of The Springfield Group, alongside Dawn Homes, Walker Group, Tulloch Homes (acquired December 2021), Mactaggart & Mickel Homes (acquired 2022), and the affordable housing division Springfield Partnerships. The company develops, sells, and warrants residential homes exclusively across Scotland, spanning village-scale masterplans such as Bertha Park (Perth, 3,000 homes), Dykes of Gray (Dundee), Elgin South, and Durieshill (Stirling, 3,000 homes planned), with unit pricing ranging from approximately £235,000 for a two-bedroom at Glassgreen Village to £527,000 for a five-bedroom at Dykes of Gray.

The company's core technology is Modern Methods of Construction underpinned by in-house timber kit factories in Scotland, enabling 100% timber-framed home production and outperforming the 41% industry MMC benchmark. Springfield also deploys air source heat pumps as standard (over 60 developments, more than 30% of homes delivered without gas), solar PV panels, and hybrid heating systems, marketed as delivering roughly three-times-lower energy bills versus older housing stock. The group employed 898 people across its divisions and operates show home sales offices, regional after-sales teams, and an online reservation channel with a £750 plot reservation fee.

Revenue is generated through four streams: private housing sales to individual buyers, affordable housing contract sales to housing associations and local authorities (which grew 26% to £25.8m in H1 FY2026), land sales to other developers (including a £64.2m deal with Barratt Redrow for 2,480 plots in February 2025), and Private Rented Sector housing delivered in partnership with Sigma Capital. FY2025 anticipated revenue was approximately £280m (up from £266m in FY2024) with pre-tax profit of £19m, against a market capitalisation of roughly £132m in October 2025.

Name

Springfield Properties

Legal name

Springfield Properties plc

Website

https://springfield.co.uk

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Publicly listed Scottish housebuilder developing private and affordable residential homes as part of The Springfield Group. Builds timber-framed homes in own factories, serving individual buyers, housing associations, local authorities, and PRS investors across Scotland.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Services to Buildings and Dwellings (5617)

SIC

Operative Builders (1531)

akta.pro primary industry

Single-Family Home Construction (Detached Homes) (IMAFABAA)

akta.pro secondary industries

Custom Home Building (IMAFABAC), Affordable Housing Property Management (BPAJAGAJ), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• New build homes
• Affordable housing
• Timber frame construction
• Energy efficient homes
• Real estate development

Headquarters

HQ city

Elgin

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Private Housing Sales: Sale of private residential properties to individual buyers. Revenue from private housing declined 9% in H1 FY2026 due to challenging economic backdrop and cautious buyer sentiment.
2. Affordable Housing: Contract sales to housing associations and local authorities for affordable housing. Revenue increased 26% to £25.8m in H1 FY2026, driven by strong demand and improved margins.
3. Land Sales: Sale of undeveloped land to other developers. £64.2 million land sale to Barratt Redrow for 2,480 plots across six sites. Near-doubling of land sales income to £9.8m in H1 FY2026.
4. Private Rented Sector (PRS): Partnership with Sigma Capital for Private Rented Sector housing development, providing rental housing stock.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Springfield Properties is a Scottish housebuilder that designs, develops, and sells new build private residential homes across Scotland through large-scale village developments. Operating under The Springfield Group alongside brands like Dawn Homes, Walker Group, Tulloch Homes, and Mactaggart & Mickel Homes, the company also delivers affordable housing through Springfield Partnerships. All homes are built using Modern Methods of Construction (MMC) with 100% sustainable timber from in-house kit factories.

Product overview

Springfield Properties is a Scottish housebuilder operating as part of The Springfield Group, alongside Springfield Partnerships, Dawn Homes, Walker Group, Tulloch Homes, and Mactaggart & Mickel. The company delivers private and affordable residential homes across Scotland through branded village developments including Bertha Park (Perth), Dykes of Gray (Dundee), Elgin South (Moray), and Durieshill (Stirling). House styles range from 2-bedroom apartments to 5-bedroom detached villas, all built with energy-efficient features including air source heat pumps, solar PV panels, and high insulation standards. The offering includes the Choices customisation programme for buyer personalisation and comprehensive after-sales support with two-year warranty.

Differentiator

Problem solved

Functional benefit

Brands

• Springfield Partnerships: Affordable housing division of The Springfield Group
• Springfield Scottish Squash Open

Products and services

• Springfield Properties Private Housing Private residential new build homes for sale across Scotland, ranging from 2-bedroom apartments to 5-bedroom detached villas, built to high specification with energy-efficient features including air source heat pumps, solar PV panels, and hybrid heating systems. Home prices range from £235,000 to £527,000 across active developments.
• Springfield Partnerships Affordable Housing Affordable housing delivered for housing associations and local authorities across Scotland, including social rent and shared ownership properties, via Design and Build contracts and strategic partnerships. Notable customers include Midlothian Council, Highland Council, and Kingdom Housing Association.

Quantifiable outcome

• Energy bills three times lower than national average for second hand homes
• +5 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core, major and minor.

• SSEN Transmission (Scottish Hydro Electric Transmission)coreStrategic or Co-development Partner · 18 December 2025Strategic agreement to deliver 293 homes across Highland, Moray, and Aberdeenshire to house workers for energy infrastructure upgrades supporting renewable energy projects in northern Scotland.
• Barratt Redrow (BDW Trading)majorStrategic or Co-development Partner · 17 February 2025£64.2 million land sale agreement for 2,480 plots across six Scottish sites. Sale proceeds used for debt reduction and regional growth investment in northern Scotland. Near-doubling of land sales income to £9.8m driven by this transaction.
• Tulloch HomescoreStrategic or Co-development Partner · 1 December 2021Acquisition completed, adding Tulloch Homes to The Springfield Group portfolio of housebuilding brands with developments across Moray, Inverness and the Highlands.
• Sigma CapitalcoreStrategic or Co-development PartnerPRS (Private Rented Sector) partner for delivering rental housing stock. Springfield recognised for strength of strategic partnership with Sigma Capital alongside housing associations and local authorities.
• Kingdom Housing AssociationminorStrategic or Co-development PartnerPartnership for Breathing Space bench installations at Kinloch Gardens development in Blairgowrie to raise awareness of NHS 24's mental health support service.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Avant Homes: Privately held UK regional housebuilder operating across the Midlands, North of England, and Scotland. Comparable mid-scale builder with similar specification-led marketing and energy efficiency positioning.
• Keepmoat Homes: UK regional housebuilder with significant affordable housing partnerships exposure through Keepmoat Partnerships. Comparable hybrid private/affordable model and focus on regional UK markets outside London.
• Miller Homes: Privately held Scottish housebuilder with operations across Scotland and northern England. Highly comparable to Springfield as a Scotland-focused mid-size builder with similar private/affordable mix and customer segments.
• Cala Homes (Legal & General): Premium Scottish and England-focused housebuilder owned by Legal & General. Comparable aspirational positioning, energy-efficient build standards, and overlap in the central Scotland and Highlands markets where Springfield operates.
• Vistry Group plc: UK housebuilder with a strong partnerships/affordable housing division (Vistry Partnerships) that mirrors Springfield's hybrid model. Both target housing associations and local authorities for affordable units alongside private sales, making Vistry a structural peer in the partnerships channel.

Regional players

• Lovell Homes (Morgan Sindall): UK housebuilder and partnerships developer operating as a subsidiary of Morgan Sindall Group. Comparable partnerships-led model delivering affordable housing for local authorities and housing associations alongside private sales.

Broad incumbents

• Bellway plc: UK-listed volume housebuilder with comparable unit-pricing model and private/affordable mix. Bellway operates in Scotland alongside England and Wales, providing a regional diversification benchmark for Springfield's Scotland-only exposure.
• Persimmon plc: Major UK FTSE 100 housebuilder with national geographic footprint and similar private/affordable housing mix. Comparable for-for-sale builder economics, scale-driven cost advantages, and exposure to UK planning and consumer housing cycles.
• Barratt Redrow plc: UK's largest housebuilder by volume following the 2024 Redrow merger. Springfield's £64.2M land sale to Barratt Redrow confirms them as a buyer of Springfield's Scottish plots, while both compete for UK land banks and operate similar private/affordable housing models.
• Taylor Wimpey plc: UK FTSE 100 housebuilder with diversified regional operations across England, Scotland, and Wales. Direct overlap in the Scottish market (Taylor Wimpey operates in the central belt and east Scotland), making it a relevant scale benchmark for Springfield.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SpringfieldPLC
• Instagraminstagram.com/springfieldproperties
• Xx.com/springfieldplc
• LinkedInlinkedin.com/company/springfield-properties-plc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

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 Springfield Properties