Snapshot

company: Springfield Properties PLC (The Springfield Group; Companies House SC031286)
sells: Private and affordable new-build housing across Scotland, delivered through Springfield, Springfield Partnerships, Dawn Homes, Walker Group, Tulloch Homes and Mactaggart & Mickel Homes
category: Scottish housebuilder / residential construction operator with multiple live sites (construction — a Trust Hire target sector)
model: Buys land, secures planning, then builds out multi-plot residential developments; also does land sales and PRS/rental delivery. Timber-kit factories in Scotland feed the build programme
size turnover: FY2025 revenue £280.6m (2024: £266.5m); PBT before exceptionals ~£20.1m; 799 completions; net bank debt eliminated at year end (from a >£93m peak in Nov 2023)
ownership: Publicly listed on AIM (LSE: SPR); Scottish-registered, HQ Elgin, Moray
hq: Elgin, Moray, Scotland — active developments across Moray, Highland, Perth, Dundee, the Central Belt and beyond

All recent triggers

Refocusing strategy on the north of Scotland — over 4,000 plots across ~50 sites in the North, driven by incoming energy-security and renewable infrastructure source
Agreement with SSEN Transmission to deliver 293 homes across six sites in Highland, Moray and Aberdeenshire for energy-project worker accommodation — multiple fresh sites to secure source
215-home expansion secured at Dykes of Gray, Dundee; further phases moving at Elgin South, Drumossie Braes (Highland), Livingston and Deans South source
Published ESG strategy targeting net zero carbon ahead of 2045, with an ESG Committee reporting to the PLC Board at each meeting and 60+ developments delivered without fossil fuels — a listed builder with hard carbon reporting source

Pain hypotheses

Multiple greenfield residential sites at enabling/early-build stage need perimeter security and lighting before mains power is energised — the classic off-grid, deploy-before-power case
Scottish winter build programmes mean short daylight and dark early, so temporary site lighting is a genuine seasonal demand across northern developments
Site theft, vandalism and materials/plant theft on open housing plots — a cost and programme risk that manned guarding covers expensively
As a listed housebuilder with a board-level net-zero commitment and ESG reporting, diesel lighting towers and grid-tied installs carry a carbon cost that a solar alternative removes and makes measurable
Honest limit: a builder of this scale almost certainly has incumbent security/lighting arrangements, so the realistic entry is a specific site, phase or the north-Scotland ramp — not the whole estate

ICP-fit score

59/100
None

Sources