Keepmoat

Keepmoat Homes Ltd is a housebuilding company in the United Kingdom that provides private homes for sale. Its headquarters are in Doncaster.

Keepmoat Homes Ltd
TypeLimited company
IndustryHousebuilding
Founded1931
HeadquartersDoncaster, United Kingdom
Key people
Tim Beale (chief executive officer)
Revenue£649.8 million (2019)[1]
£58.8 million (2019)[1]
£30.7 million (2019)[1]
ParentTDR Capital and Sun Capital Partners (UK)
Websitewww.keepmoat.com

History

The company was founded in Rotherham by George Bramall and Dick Ogden as Bramall & Ogden in 1931. It acquired Frank Haslam Milan (founded in Doncaster 1928) in 1983 and changed the name of the combined business to Keepmoat.[2]

Keepmoat bought Milnerbuild, a Leeds-based social housing repair and maintenance company, in 2010,[3] and, in 2012, Keepmoat completed a merger with social housing provider Apollo.[4]

In 2014, Keepmoat was acquired by two London-based private equity firms, TDR Capital and Sun Capital Partners (UK).[5][6]

In February 2017, Keepmoat sold its regeneration business, employing 2,500 people, to ENGIE for £330m.[7]

In 2018, Keepmoat was hit by a £13.2m loss from its West Midlands sites, which prompted the company to close its offices in that area. The problems hit the company’s overall operating profits, which slid 35.4% to £18.2m in the 12 months to the end of March 2018.[8]

In 2019, the company sold 4,035 homes - 1.2 per cent more than the previous 12 months.[9]

Flagship developments

The company's flagship developments include:

  • Sighthill, Glasgow: The development, which is part of the Sighthill Transformational Regeneration Area, the largest project of its kind outside of London, will feature 824 new homes when it is completed.[10]
  • Chase Farm, Gedling: Keepmoat Homes are involved in the creation of thousands of new homes in the Gedling Borough. Chase Farm is the largest of the new developments planned for the borough, with more than 1,000 homes eventually being built. The land, which is nestled next to the 240-acre Gedling Country Park, was sold to Keepmoat in 2015. [11]

Sponsorships

Keepmoat has been the main sponsor of the Keepmoat Stadium in Doncaster since 2006.[12]

References
  1. "Annual Report 2019". Keepmoat. Retrieved 10 June 2020.
  2. "Keepmoat: Our History". keepmoat.com. Retrieved 29 October 2017.
  3. "Keepmoat buys Milnerbuild". building.co.uk. Retrieved 29 October 2017.
  4. "Keepmoat merger with Apollo legally sealed - Construction Enquirer". www.constructionenquirer.com. Retrieved 29 October 2017.
  5. "Keepmoat bought by private equity firms". building.co.uk. Retrieved 29 October 2017.
  6. "Keepmoat". Sun Capital. Retrieved 14 August 2015.
  7. "Keepmoat offloads regeneration arm for £330m". Construction Enquirer. Retrieved 17 May 2017.
  8. Curry, Rhiannon (2018-09-18). "Keepmoat books £13.2m hit from West Midlands sites". Inside Housing. Retrieved 2019-12-11.
  9. "Keepmoat poised to resume building new homes after lockdown". 22 April 2020.
  10. "Keepmoat launches flagship 824-home development at Sighthill". Scottish Construction Now. 27 September 2019.
  11. "Thousands of new homes, a new bypass and shops - the changing face of Gedling borough". Nottingham Post. 31 August 2019.
  12. "Giving the name away: Stadiums named after sponsors". independent.co.uk. 9 October 2012. Retrieved 29 October 2017.
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