Mon, 05 Jan 2026 | MBO/MBI
Henry Boot, a listed land promotion, property investment, property development and construction group, has completed the sale of its construction business. Henry Boot Construction (HBC) has been sold to the newly-formed PWS Construction Limited for an initial consideration of £4 million.
Sheffield-headquartered Henry Boot initially announced that it had agreed the deal in September 2025. According to the firm, its Derbyshire-based construction business did not form part of its medium-term growth strategy and had only made a small contribution to group profits.
The sale of the construction division will enable Henry Boot to focus on its strategic priority areas, covering high quality land, premium homes and prime property development. In a statement to the stock exchange, the group added that the deal would reduce its risk profile and trim group headcount by approximately 21 per cent.
In the year ending December 31 2024, Henry Boot Construction Limited reported turnover of around £49.7 million, down from £70.1 million a year earlier, while its operating losses widened from £1.8 million to £2.3 million.
The business is expected to break even in 2025, with the year having seen significant restructuring and the appointment of a new management team.
HBC has worked on a range of major projects, including the £57 million The Cocoa Works residential development in York, a £200 million regeneration project for Barnsley’s town centre and the £44 million Heart of the City scheme in Sheffield. The business’ ongoing work includes the £38 million redevelopment of Rotherham Markets and the construction of a new library, which is set to complete in 2027.
Following its acquisition by PWS Construction, the business will be known as HBC Construction Group. The deal takes the form of a management buyout (MBO), with PWS Construction Limited being formed by the HBC management team.
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