Corporate Strategy 2024
Areas of work:
Internal
- New build affordable homes for Ocean Housing
External
- New build affordable for other Social Housing Providers
Sales & Marketing
- Open market family homes
Gilbert & Goode’s History
Currently 36 colleagues work for Gilbert & Goode (230 across the whole Ocean Group)
Gilbert & Goode’s Business Planning Highlights 2025
- G&G is continuing its transition from a former contractor focus to one of a residential developer. It is actively seeking out quality people to serve on its Board and work for the company that bring strong developer experience combined with a positive cultural approach to working with people and customer excellence.
- G&G is currently on site at 5 locations:
- Folly Gate, Devon – A development of 23 homes, 16 for open market sale and 7 for affordable housing.
- Merton, Devon – A development of 33 homes, 27 for open market sale and 6 for affordable housing.
- St Erth, Cornwall – A development of 38 homes, 28 for open market sale and 10 for affordable housing.
- Troon, Cornwall – A build contract with a local social housing provider for 26 affordable homes.
- Polgine, Cornwall – A build contract with a local social housing provider for 30 affordable homes.
- The company has just completed a flagship regeneration scheme of 60 affordable homes and 2 commercial units in St Blazey, Cornwall for Ocean Housing.
- G&G is planning to commence on 3 new sites in the coming year:
- Hayle, Cornwall – A development of 85 homes, 60 for open market sale and 25 for affordable housing. Starting on site in April 2025.
- Copper Hills. Cornwall – A development of 23 homes, 14 for open market sale and 9 for affordable housing. Starting on site in July 2025.
- Mylor, Cornwall – A build contract with Ocean Housing for 37 affordable homes. Starting on site in September 2025.
- Including the 3 imminent site starts above, the company currently holds a land bank it has control over amounting to 682 plots, 557 under option and 125 owned.
- Turnover for 2025/26 is estimated to be just over £24 million and the company has a plan for growth that will double this by the end of the decade at £50 million.
- By the end of the decade, the aspiration of the Board, and Group Board, is that G&G will be building in the region of 200 new homes per year, being a risk managed mix of open market, S106 affordable, contracted and partnered units.