Bellway
From Wikipedia, the free encyclopedia
| Bellway plc | |
|---|---|
 |
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| Type | Public (LSE: BWY) |
| Founded | 1946 |
| Headquarters | Newcastle upon Tyne, UK |
| Key people | Howard Dawe, Chairman John Watson, CEO |
| Industry | Housebuilding |
| Revenue | £1,240 million (2006) |
| Operating income | £239 million (2006) |
| Net income | £156 million (2006) |
| Employees | 2,446 (2006) |
| Website | www.bellway.co.uk |
Bellway plc (LSE: BWY) is a major British residential property developer. It was founded in 1946 by John T. Bell (1878 - 1965) and his sons John and Russell, and is based on Newcastle upon Tyne. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
[edit] History
Born in Walker, Northumberland, John Thomas Bell was the son of William and Mary Jane Bell (nee Craig). In 1946 'JT' was joined by his sons John (1918-1974) and Russell. The trio managed to successfully tap into the huge demand for private housing that followed the Second World War (Cramlington New Town, built in partnership with William Leech in the early 1960s, was a massive project of this type).
The 1980s signalled a new dawn for Bellway. Already a huge success in the North East it developed into a nationwide organisation, and although it suffered some from some slumps, it was the beginning of a period of uninterrupted and prodiguous growth for the company which continues to this day.
[edit] Present day
In 2004 Bellway celebrated the sale of its 100,000 home, and in the year ended 31 July 2006 made profits before tax of £221 million on a turnover of £1,240 million, and is amongst the top 250 companies on the UK stock market. It currently employs 2,446 people in over a dozen regional divisions.
Family involvement with the company, both as directors, chairmen and shareholders, ended after the premature deaths of Kenneth Bell and his son Ashley in 1999.
