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Bellway plc
Type Public (LSE: BWY)
Founded 1946
Headquarters Newcastle upon Tyne, UK
Key people Howard Dawe, Chairman
John Watson, CEO
Industry Housebuilding
Revenue £683.8 million (2009)[1]
Operating income £45.6 million (2009)[1]
Net income £(27.4) million (2009)[1]
Employees circa 2,000
Website www.bellway.co.uk

Bellway plc (LSE: BWY) is a major British residential property developer based in Newcastle upon Tyne. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

The Company was founded in 1946 by John Thomas Bell and his sons John and Russell as a housebuilder operating in Newcastle upon Tyne under the name John T. Bell & Sons.[2] In the 1950's Kenneth Bell, the youngest of the brothers, joined the business. The Bell family managed to tap into the huge demand for private housing that followed World War II promoting developments such as Cramlington New Town, built in partnership with William Leech in the early 1960's.[3] The Company was first listed on the London Stock Exchange in 1963.

In 1979 the private housebuilding business was demerged from the commercial side of the business under the leadership of Kenneth Bell who named the new business Bellway. In the 1980's Bellway, already successful in the North East of England, developed into a nationwide organisation. Bellway itself was first listed on the London Stock Exchange in 1979.[4] In the 1990's the Company started to focus on regeneration sites.

Family involvement with the Company ended with the death of Kenneth Bell in 1997.[5]

Operations

The Company does not have national house types and prefers to develop local designs with the help of local people.[6] It has offices throughout the UK.

References

External links

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