Taylor Wimpey
 |
|
| Public limited company | |
| Traded as | : |
| Industry | Housebuilding |
| Founded | 2007 |
| Headquarters | High Wycombe, Buckinghamshire |
|
Key people
|
Kevin Beeston (chairman) Pete Redfern (CEO) |
| Revenue | £3,676.2 million (2016) |
| £763.1 million (2016) | |
| £589.3 million (2016) | |
| Website | www.taylorwimpey.co.uk |
Taylor Wimpey plc (formerly Taylor Woodrow plc) is one of the largest British based housebuilding companies. It is listed on the and is a constituent of the FTSE 100 Index. Its corporate headquarters are in London, and its operational headquarters in the United Kingdom are in High Wycombe.
The company was created from the merger of rivals Taylor Woodrow and George Wimpey on 3 July 2007.
Taylor Woodrow was founded in 1921, by 16 year old Frank Taylor, who borrowed some money to build two houses in Blackpool. As he was too young to form his own company, his uncle Jack Woodrow lent his name to the business, and so it became Taylor, Woodrow Limited.
In the 1930s, Taylor Woodrow diversified into building temporary hospitals etc., and thereby moved into general construction. Taylor Woodrow's main operations were in general construction with Taylor Woodrow Homes only being a small part of the group: indeed, housing sales actually declined, and at the beginning of the 1980s, Taylor Woodrow Homes was still only building around 500 to 600 houses a year.
In January 2001, this changed as Taylor Woodrow acquired Bryant Group, a business founded in Birmingham in 1885 by Chris Bryant, for £556 million and in October 2003 Taylor Woodrow acquired Wilson Connolly in a cash and shares deal worth £499 million.
George Wimpey was founded by George Wimpey and Walter Tomes (the latter sold out in 1893) as a stone-working partnership in 1880 in Hammersmith.
George Wimpey died in 1913 at the age of 58. His family put the business up for sale in 1919. Godfrey Way Mitchell bought the firm and decided to retain the Wimpey name. George Wimpey completed its first residential development, the Greenford Park Estate, in 1928.
In the 1970s, George Wimpey became the United Kingdom's largest private house builder selling 106,440 homes in the decade, and in the 1980s, George Wimpey began to reinforce Wimpey Homes as a brand, focusing on quality compact housing. Advertising, featuring the famous Wimpey cat, ensured Wimpey Homes became a household name in house building.
In March 1996, George Wimpey acquired McLean Homes, a business founded in the 1934 by John McLean, from Tarmac. In August 2001, McAlpine Homes was acquired from Alfred McAlpine in a £463 million deal and in October 2002, George Wimpey went on to acquire Laing Homes, a premium housebuilder, from John Laing for £295 million.
...
Wikipedia