Harworth joins FTSE 250

The Yorkshire-based regeneration specialist has grown its statutory net assets by 137% since listing on the London Stock Exchange in 2015.

Effective from this week, the move comes shortly after it published its H1 results, with operating profit doubling to £21m.

Harworth has developed around 2m sq ft of industrial and logistics space and helped enable sites for another 5m sq ft of development, as well as more than 10,000 residential plots.

Chief executive Lynda Shillaw said: “Entering the FTSE 250 is a significant milestone for Harworth, it’s a testament to the dedication of our people and their ability to consistently deliver against our strategic objectives.

“This achievement highlights our commitment to sustainable growth and the continued support of our shareholders.”

Harworth’s share price has climbed steadily in the past year, up in total over that period by 78%, and today stands at 189p a share.