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Annual Report and Accounts 2020
Annual Report and Accounts 2020
The fundamental strength of the Urban&Civic model has been demonstrated through this most testing of years. Confident capital investment and rethought housebuyer priorities have contributed to post July sales and prices reaching best ever levels. Urban&Civic champions Master Development and continues to attract material new opportunities for growth requiring additional financing to support an unambiguous net money out 5-7 years; net money back 15 + years model. The alignment with the investment horizons and community building aspirations of Wellcome is very evident. Nevertheless, the support of shareholders since listing in May 2014 has been vital to the achievement of the leading position we enjoy today.
N I G E L H U G I L L -
C H I E F E X E C U T I V E
Turn the page to discover how Urban&Civic's Master Developer model has risen to meet the challenges of 2020
Our purpose
We work at scale and with partners who value quality, to create beautiful, sustainable and community focused places where housebuilders want to build and people want to live.
Our vision
As the leading Master Developer of large scale Strategic Sites, we strive to be proud of the sustainable communities we are crafting, the quality of placemaking we are delivering and the challenges that we are overcoming through shared innovation and passion. We believe that doing things right means creating value for shareholders and for our wider stakeholders. We are committed to keeping our promises, maximising our investment and delivering across an increasing range of sites.
Our values
Quality
We deliver places, environments and outcomes of which we are proud.
Integrity
We keep our promises and do the right things.
Passion
We love what we do and always strive to do it ever better.
Partnership
We build strong, lasting relationships based on trust and shared values.
Innovation
We are unafraid to do things differently.
This year we will be looking back over the last ten years - including photos with the year they were taken
- which highlight key events in the life of our Company.
- Strategic report
2 At a glance
4 Chairman's statement
- Chief Executive's statement
- Our key messages
- Business model
- Master Developer
- Strategy
- Stakeholder engagement
- Operating review
- Financial review
- Long-termviability statement
- Key performance indicators
- Risk review
- Sustainability
- Governance
- Corporate Governance Review
- Board of Directors
- Corporate Governance report
82 Nomination and Governance Committee report
91 Audit Committee report
- Directors' Remuneration report
- Directors' report
- Directors' responsibility statement
- Financial statements
122 Independent auditor's report
to the members of Urban&Civic plc
- Consolidated statement of comprehensive income
- Consolidated balance sheet
- Consolidated statement of changes in equity
- Consolidated cash flow statement
- Notes to the consolidated financial statements
- Company balance sheet
- Company statement of changes in equity
- Notes to the Company financial statements
- Appendix: GHG Emissions
- Glossary of terms
- Shareholder information
For more information and insights visit:
www.urbanandcivic.com
1
What the pandemic has taught us
2020 has been the greatest shared common experience since the Second World War. Whilst we have all experienced the pandemic, the prism through which we viewed lockdown and its impacts has varied enormously between sectors, companies, stakeholders and communities. As a business we are proud of the way in which our team were able to respond and our key learnings have been:
Communications strengthened
As a business and as a team we addressed the challenges posed by remote working. Resilient technology meant we could work from home and satisfaction with our internal communications rose to a record 97 per cent satisfaction rating. Weekly business-wide updates, with spotlight sections from across the projects/teams, kept everyone fully briefed. A virtual InDay (2020's version of an AwayDay) brought the entire business together in the production of an epic three‑hour broadcast to each office for a socially distanced audience. These innovations will be maintained as part of a freshly adopted internal communications strategy.
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Disclaimer
Urban&Civic plc published this content on 17 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2020 12:22:01 UTC