Harworth Group

Last updated
Harworth Group plc
Company type Public limited company
LSE:  HWG
Industry Real Estate
Headquarters,
Key people
RevenueIncrease2.svg £166.7 million (2023) [1]
Decrease2.svg £44.5 million (2023) [1]
Decrease2.svg £27.8 million (2023) [1]
Website harworthgroup.com

Harworth Group plc ("Harworth") is a property developer that specialises in regenerating brownfield sites [2] in Yorkshire, the Midlands, and North West England. [3] The company is headquartered in Rotherham in South Yorkshire. It is listed on the London Stock Exchange and is a member of the FTSE SmallCap Index. [4]

Contents

History

Harworth Estates was established in 2004 as the property division of UK Coal, named after the location of its headquarters in the village of Harworth in Nottinghamshire. [5]

Following a restructuring in December 2012, UK Coal became Coalfield Resources plc. The new company owned 24.9% of Harworth Estates, with the remaining 75.1% owned by UK Coal's pension trustees, and later transferred to the Pension Protection Fund. [6]

In March 2015, Coalfield Resources bought the remaining 75.1% of Harworth Estates from the Pension Protection Fund for £150 million. The acquisition was financed through a mixture of issuing new shares to the Pension Protection Fund and raising money though a public offering. [7] It was renamed Harworth Group plc and was listed on the London Stock Exchange. [8]

In March 2018, Alastair Lyons joined the business as Chairman. In November 2020, Lynda Shillaw was appointed Chief Executive. [9]

As of 2023, the Pension Protection Fund retained a 23% holding in the business. The Peel Group owned a further 14% through its subsidiary, Goodweather Investment Management. [10]

Operations

Harworth's head office in Rotherham, South Yorkshire Advantage House, Rotherham.jpg
Harworth's head office in Rotherham, South Yorkshire

Harworth owns approximately 14,000 acres (5,700 ha) of land across 100 sites, much of which is on the sites of old coal mines in the north of England and the Midlands. The business remediates land, takes it through the planning system, adds infrastructure and then either sells land to housebuilders or constructs industrial units. [9]

In 2018 Harworth established a regional operating model, creating three regional teams: Yorkshire & Central, Midlands and North West. [11]

Major sites

Harworth is the owner or developer of a number of sites:

Related Research Articles

<span class="mw-page-title-main">Nottinghamshire</span> County of England

Nottinghamshire is a ceremonial county in the East Midlands of England. The county borders South Yorkshire to the north-west, Lincolnshire to the east, Leicestershire to the south, and Derbyshire to the west. The largest settlement is the city of Nottingham (323,632).

<span class="mw-page-title-main">1984–1985 United Kingdom miners' strike</span> Industrial action in British coal mining

The 1984–1985 United Kingdom miners' strike was a major industrial action within the British coal industry in an attempt to prevent colliery closures. It was led by Arthur Scargill of the National Union of Mineworkers (NUM) against the National Coal Board (NCB), a government agency. Opposition to the strike was led by the Conservative government of Prime Minister Margaret Thatcher, who wanted to reduce the power of the trade unions.

<span class="mw-page-title-main">Bircotes</span> Human settlement in England

Bircotes is an area in the civil parish of Harworth and Bircotes in the Bassetlaw district of Nottinghamshire, England on the border with South Yorkshire. The population of the civil parish was 7,948. The local school in the area is Serlby Park Academy. Bircotes was founded in the 1920s, with the discovery of coal during the First World War and the establishment of Harworth Colliery, to provide homes for miners. It was home to one of the last deep-mine pits in the UK.

<span class="mw-page-title-main">Maltby, South Yorkshire</span> Town and civil parish in South Yorkshire, England

Maltby is a former mining town and civil parish in the Metropolitan Borough of Rotherham, South Yorkshire, England. It was historically in the West Riding of Yorkshire. It is located 6 miles (10 km) east of Rotherham and 10 miles (16 km) north-east of Sheffield. It forms a continuous urban area with Hellaby, separated from the rest of Rotherham by the M18 motorway. It had a population of 16,688 at the 2011 Census.

<span class="mw-page-title-main">South Yorkshire Joint Railway</span>

The South Yorkshire Joint Railway was a committee formed in 1903, between the Great Central Railway, the Great Northern Railway, the Lancashire and Yorkshire Railway, the Midland Railway and the North Eastern Railway to oversee the construction of a new railway in the Doncaster area of South Yorkshire, England. The five companies had equal rights over the line, each of the companies regularly working trains over it.

<span class="mw-page-title-main">Harworth</span> Human settlement in England

Harworth is an area and former civil parish, now in the parish of Harworth Bircotes in the Bassetlaw district in Nottinghamshire, England, on the border with South Yorkshire. It is 8 miles (13 km) north of Worksop. The population of the civil parish of Harworth Bircotes was 7,948 in the 2011 Census.

<span class="mw-page-title-main">UK Coal</span> Private mining firm in the United Kingdom

UK Coal Production Ltd, formerly UK Coal plc, was the largest coal mining business in the United Kingdom. The company was based in Harworth, in Nottinghamshire. The company was a constituent of the FTSE 250 Index. The successor company that contains the former property division, Harworth Group, is still listed on the London Stock Exchange.

<span class="mw-page-title-main">Cortonwood</span> Colliery in South Yorkshire, England

Cortonwood was a colliery near Rotherham, South Yorkshire, England. The colliery's proposed closure was a tipping point in the 1984-85 miners' strike. The site is now a shopping and leisure centre.

<span class="mw-page-title-main">Advanced Manufacturing Park</span> Manufacturing technology park in Waverley, Rotherham, South Yorkshire, England

The Advanced Manufacturing Park (AMP) is a 150-acre (61 ha) manufacturing technology park in Waverley, Rotherham, South Yorkshire, England. It was partly funded by the European Regional Development Fund, with Yorkshire Forward, and developed by Harworth Group, previously the property development arm of UK Coal, on reclaimed opencast coal mine land close to the site of the battle of Orgreave.

<span class="mw-page-title-main">Orgreave Colliery</span> Former coal mine in South Yorkshire, England

Orgreave Colliery was a coal mine situated adjacent to the main line of the Manchester, Sheffield & Lincolnshire Railway about 5 miles (8 km) east of Sheffield and 3.5 miles (6 km) south west of Rotherham. The colliery is within the parish of Orgreave, from which it takes its name.

<span class="mw-page-title-main">Maltby Main Colliery</span> Former coal mine in South Yorkshire, England

The Maltby Main Colliery was a coal mine located 7 miles (11 km) east of Rotherham on the eastern edge of Maltby, South Yorkshire, England. The mine was closed in 2013.

The Sheffield Coal Company was a colliery owning and coal selling company with its head office situated in South Street, Sheffield, South Yorkshire, England.

The United Steel Companies was a steelmaking, engineering, coal mining and coal by-product group based in South Yorkshire and Lincolnshire, England.

<span class="mw-page-title-main">Kellingley Colliery</span> Former coal mine in North Yorkshire, England (1965–2015)

Kellingley Colliery, known affectionately as the 'Big K', was a deep coal mine in North Yorkshire, England, 3.6 miles (5.8 km) east of Ferrybridge power station. It was owned and operated by UK Coal.

<span class="mw-page-title-main">Harworth Colliery</span> Coal mine in Nottinghamshire, England

Harworth Colliery was a colliery near the town of Harworth Bircotes in Bassetlaw, Nottinghamshire, England.

<span class="mw-page-title-main">Orgreave, South Yorkshire</span> Village and civil parish in South Yorkshire, England

Orgreave is a village and civil parish on the River Rother in South Yorkshire. It is in the Metropolitan Borough of Rotherham, about 4.5 miles (7 km) east of the centre of Sheffield and a similar distance south of the centre of Rotherham.

<span class="mw-page-title-main">Coal mining in the United Kingdom</span> Fossil fuel from underground

Coal mining in the United Kingdom dates back to Roman times and occurred in many different parts of the country. Britain's coalfields are associated with Northumberland and Durham, North and South Wales, Yorkshire, the Scottish Central Belt, Lancashire, Cumbria, the East and West Midlands and Kent. After 1972, coal mining quickly collapsed and had practically disappeared by the 21st century. The consumption of coal—mostly for electricity—fell from 157 million tonnes in 1970 to 18 million tonnes in 2016, of which 77% was imported from Colombia, Russia, and the United States. Employment in coal mines fell from a peak of 1,191,000 in 1920 to 695,000 in 1956, 247,000 in 1976, 44,000 in 1993, and to 2,000 in 2015.

<span class="mw-page-title-main">Thoresby Colliery</span>

Thoresby Colliery was a coal mine in north Nottinghamshire on the outskirts of Edwinstowe village. The mine, which opened in 1925, was the last working colliery in Nottinghamshire when it closed in 2015. The site has been cleared and it being redeveloped as a housing estate.

The Bawtry to Haxey railway line was a line built on the border of Nottinghamshire, Lincolnshire and Yorkshire, opening in 1912. It was part of an earlier scheme to convey coal from a new colliery at Tickhill to Grimsby for export. After authorisation, its promoters did not proceed with construction, and when the South Yorkshire Joint Railway was built, serving Tickhill and other developing pits, that line was a better outlet for the minerals and the promoters lost interest in the Tickhill line.

The Prince of Wales Colliery was a coal mine that operated for over 130 years in Pontefract, West Yorkshire, England. It was permanently closed in 2002 after geological problems were found to make accessing remaining coal reserves unprofitable, and most of the site was later converted for housing.

References

  1. 1 2 3 "Annual Report 2023" (PDF). Harworth Group. Retrieved 6 February 2024.
  2. Mould, Russ (31 August 2023). "Questor: We've already made a 75% gain and this company boss wants to double in size". The Telegraph.
  3. Armitage, Jim. "Harworth directors ignite hot property". The Times.
  4. "London Stock Exchange: Harworth Group".
  5. "UK Coal likely to reject investment fund's approach". The Independent. 24 December 2007. Retrieved 6 February 2024.
  6. "Successor company to UK Coal to become a property developer". Financial Times.
  7. "Coalfields ready to rebrand as it buys Harworth". City AM. 3 March 2015. Retrieved 6 February 2024.
  8. "Confirmation of change of name to Harworth Group plc". Investegate.
  9. 1 2 Howard, Tom. "Harworth's northern exposure means its boss Lynda Shillaw is relishing life at the coalface". The Times.
  10. "Share Information - Harworth". harworthgroup.com. 2016-05-17. Retrieved 2024-02-16.
  11. "HARWORTH GROUP APPOINTS REGIONAL DIRECTORS". Insider Media.
  12. "Advanced Manufacturing Park". Invest Rotherham. Retrieved 6 February 2024.
  13. "Ironbridge Power Station redevelopment: First parcel of land sold for village plans". Shropshire Star. 12 January 2023. Retrieved 6 February 2024.
  14. "Work starts on housing scheme at Rossington colliery site". BBC News. 6 May 2015.
  15. "Prince of Wales, Pontefract". DLA Architecture. Retrieved 6 February 2024.
  16. Kilgannon, Laurence (16 March 2016). "Keyland sells EZ hub stake to regeneration firm". Insider Media Ltd. Retrieved 5 July 2018.
  17. "All homes sold at development on former Harworth Colliery site". Jones Homes. 28 June 2022. Retrieved 6 February 2024.
  18. "Work begins on first 143 homes that will transform former Notts colliery". Nottinghamshire Live. 3 June 2020.
  19. "Four star 150 bedroom Marriott Hotel and 172 homes set to be built on site of Orgreave colliery in South Yorkshire". The Yorkshire Post. 3 February 2022. Retrieved 6 February 2024.