Taylor Woodrow
From Wikipedia, the free encyclopedia
| Taylor Woodrow plc | |
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| Type | Public (LSE: TWOD) |
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| Founded | 1921 |
| Headquarters | Solihull, UK |
| Key people | Norman Askew, Chairman Ian Smith, CEO |
| Industry | Housebuilding |
| Revenue | £3,572.1 million (2006) |
| Operating income | £469.8 million (2006) |
| Net income | £290.6 million (2006) |
| Employees | 8,132 (2005) |
| Website | www.taylorwoodrow.com |
Taylor Woodrow plc (LSE: TWOD) is one of the largest British based housebuilding and general construction companies. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Its corporate headquarters are in Solihull and its UK construction headquarters are in Watford.
The company has recently agreed to take over rival George Wimpey.
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[edit] History
The company was founded in 1921 by 16-year old Frank Taylor, who borrowed £100 to build 2 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, with a comma in between Taylor and Woodrow.
[edit] Today
The company's UK housebuilding operation trades mainly under the Bryant Homes brand. In Canada, homes are marketed as Monarch and in the United States and Spain the Taylor Woodrow brand is used. Taylor Woodrow also undertakes PFI projects, mainly in the healthcare sector, and a wide range of general construction projects in sectors such as airports, education and railways.
Taylor Woodrow's turnover for the year ended 31 December 2006 was £3,572.1 million. Profits were £405.6 million before tax and £290.6 million after tax.
A large monolithic granite sculpture Teamwork by David Wynne, made in 1958, was moved from the London office to Solihull in February 2006.
[edit] Merger with George Wimpey Plc
In March 2007, the company announced plans for a £6 billion nil-premium merger with George Wimpey, likely to be called Taylor Wimpey. Contrary to some original beliefs, the merged entity would be dominated by Taylor Woodrow- not George Wimpey.
