Independent living specialist iHus celebrates bumper year with £3m turnover increase
Doncaster based iHus, a specialist in the design and build of ‘granny annexes’ in the UK, is celebrating a bumper year in which turnover increased to £10m, a £3m rise on the previous year’s figures.
Over the last year, the firm has built 75 annexes, a 32 per cent increase on last year. Overall order value also increased over the past 12 months, with a 22 per cent increase in the size of annexe being purchased as more and more families opt for multi-generational living solutions.
The firm also experienced a record first quarter, announcing a 38 per cent increase in sales in quarter one compared to the same period last year, and reported a 163 per cent sales increase between quarter one of 2022 and quarter one of 2023. The firm welcomed seven new team members over the last year, taking its total headcount to 37.
To top off the achievements, the business was also awarded the prestigious ISO 9001:2015 accreditation, the international standard for quality management requirements.
James Lund-Lack, managing director of iHus, said: “Historically, we have seen a 70/30 split in our customer base with 70 per cent opting for an annexe to house an elderly relative, and 30 per cent choosing an annexe for financial reasons, such as the first-time buyers.
“This has changed in the last year or so and we are now looking at more of a 50/50 split between these factors.
“I am proud that we can support families of all dynamics to start their multi-generational living journeys.”
iHus designs and builds stylish bespoke annexes and multi-generational living solutions, working on projects across the UK, with over 400 builds under its belt to date.
With a commitment to exceptional craftsmanship and personalised design, the firm offers 10 different annexe options to create unique and tailored living spaces that meet the needs and desires of their clients, building over 70 annexes a year for its UK-wide customer base.
Prices start from £106,387 and each iHus annexe comes with a 10-year insurance-backed guarantee, ensuring peace of mind for homeowners. From start to finish, iHus’s experts handle all aspects of planning, making the entire process stress-free. Once planning consent is obtained, the team works closely with customers to create a convenient building schedule which sees annexes typically constructed in as little as seven weeks. This includes everything from groundworks to post-build quality checks, ensuring that the annexe meets our rigorous standards.
Recent research conducted by iHus revealed the new hobbies and habits of generational Brits that are challenging traditional perceptions, with pensioners slowly becoming the dominant demographic on platforms like Facebook.
