Bovis Homes Group

Bovis Homes Group plc
Type Public (LSE: BVS)
Industry Housebuilding
Founded 1965
Headquarters New Ash Green, UK
Key people Malcolm Harris, Chairman
David Ritchie, CEO
Revenue £298.6 million (2010)[1]
Operating income £21.6 million (2010)[1]
Net income £14.0 million (2010)[1]
Employees circa 1,000
Website www.bovishomes.co.uk

Bovis Homes Group plc (LSE: BVS) is a second tier national British housebuilding company based in New Ash Green, Kent. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

Bovis Homes’ origins lay in the early post-war housing operations of Bovis Holdings (see also Bovis Construction). Bovis had been acquiring housing land in the early 1950s but the level of housebuilding was modest until 1967 when it acquired Frank Sanderson’s Malcolm Sanderson Developments and the much larger RT Warren.[2] Frank Sanderson rapidly expanded Bovis’s housing through acquisition including the quoted Page-Johnson and Varney Holdings; by 1973 Bovis was probably the country’s second or third largest housebuilder, with sales of over 2,600.[3]

The secondary banking crisis adversely affected Bovis Holdings’ banking subsidiary and the Group had to be rescued by P&O in March 1974.[4] Frank Sanderson left Bovis in 1973 and Philip Warner was appointed managing director of Bovis Homes, a position he held for 25 years.[5] During the 1970s Bovis reduced its housing volumes as it concentrated on rebuilding profitability, but it began to expand again in the 1980s.

The Company was demerged from P&O and was floated on the London Stock Exchange as Bovis Homes in 1997.[4]

Operations

Bovis Homes builds a wide range of properties from one bedroom properties up to six bedroom executive houses. It has a specialist retirement living division and also undertakes design and build work for housing associations.

Sponsorship

Bovis sponsored Oldham Athletic Football Club in the late 1980s and early 1990s, during which time they were Football League Cup runners-up and Football League Second Division champions.

References

  1. ^ a b c Preliminary Results 2010
  2. ^ The Times 25 February 1967
  3. ^ Wellings, Fred: Dictionary of British Housebuilders (2006) Troubador. ISBN 978-0-9552965-0-5.
  4. ^ a b Bovis Homes History
  5. ^ Cooper, Peter, Building Relationships The History of Bovis, Cassell, ISBN 0-297-82533-x

External links