McCarthy & Stone
 |
|
| Public (LSE: MCS.L) | |
| Industry | Housebuilding |
| Founded | 1977 |
| Headquarters | Bournemouth, England, United Kingdom |
|
Key people
|
John White (Chairman) Clive Fenton (CEO) |
| Revenue | £635.9 million (2016) |
| £95.1 million (2016) | |
| £73.5 million (2016) | |
|
Number of employees
|
circa 900 |
| Website | www |
McCarthy & Stone is a leading retirement housebuilder, based in the UK. The company operates from nine regional offices, and is responsible for building and selling more than 70% of the UK’s owner-occupied retirement housing each year. Since 1977, it has sold more than 51,000 properties across more than 1,100 developments in the UK. The company is listed on the and it is a constituent of the FTSE 250 Index.
John McCarthy and Bill Stone entered into a partnership in 1961 and in 1977 they built their first retirement housing development in Hampshire. McCarthy & Stone stopped all its other building work to concentrate on developing specialist housing for elderly people. By 1982, when the Company was floated on the Unlisted Securities Market, McCarthy & Stone had completed 15 retirement housing developments and was selling around 200 units a year. Growth was rapid after the flotation and by 1984 the company had a national organisation in place with annual sales approaching 1,000 units. The business was exceptionally profitable due to a rapidly ageing population. Annual sales reached 2,601 in 1988.
McCarthy & Stone was de-listed from the in December 2006 following a successful takeover bid of over £1 billion from a consortium including David and Simon Reuben and Sir Tom Hunter. The company successfully refinanced in August 2013 under new ownership. The company was re-listed on the London Stock Exchange in November 2015. In March 2017, McCarthy & Stone became the only UK housebuilder, of any size or type, to win the full five star rating in the Home Builders Federation's customer satisfaction awards for a record 12 consecutive years.
Each Retirement Living development incorporates features specifically for the older homeowner, to make life easier in retirement. A typical development consists of circa 40 one and two bed apartments, a House Manager plus shared facilities such as a homeowners’ lounge, guest suite and laundry. Homeowners have to be 60 or over to live in most developments.
Assisted Living apartments bridge the gap between a conventional retirement development and a nursing care home. Assisted Living can help postpone the need to consider residential care and the person continues to own their own home. Developments include individual apartments, a restaurant, function room, homeowners’ lounge and other shared facilities. Flexible care and support packages are available as required. Homeowners have to be 70 or over to live in most developments.
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Wikipedia