Diemazz

Redrow plc

Type	Public (LSE: RDW)
Founded	1974
Headquarters	Flintshire,  Wales
Key people	Alan Bowkett, Chairman Neil Fitzsimmons, CEO
Industry	Housebuilding
Revenue	£650.1 million (2008)
Operating income	£(174.9) million (2008)
Net income	£(138.0) million (2008)
Employees	1,271 (2008)
Website	www.redrow.co.uk

Redrow plc (LSE: RDW) is a British housebuilding and general construction company based in Flintshire. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

In 1974, aged 21, Steve Morgan borrowed £5,000 from his father to buy his then employer, Wellington Civil Engineering, which was on the verge of going out of business and Redrow was born.^[1] The company moved into private house building in the early 1980s. Redrow Commercial was established in 1987^[1] and undertakes projects such as shopping centres and distribution parks. The Company has grown organically and by acquisition (including the purchase of Costain's residential division in 1993)^[1] and now operates throughout Great Britain. Morgan quit the firm in 2000.^[1]

In 2008 the Company sold its offsite construction joint venture Framing Solutions.^[2]

Operations

The Company operates two main buinesses:

• Redrow Homes
• Redrow Regeneration

References

External links

• New Homes from Redrow
• Yahoo profile
• Corporate Social Responsibility Site
• Work for Redrow

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