The history of Redrow
Redrow has just revealed a rise of 23 percent (to £250 million) in its pre-tax profits.
Here are 10 things you might not know about Redrow’s journey to become the biggest housebuilder in Wales:
1: Redrow was founded in 1974 by Steve Morgan, after he borrowed £5000 from his father to buy the company he worked for after it announced it was closing.
2: Redrow expanded through small civil engineering work, and in the early 1980’s, the company was moved from its base in Flintshire, Wales to Cheshire, helping to develop its construction status in Manchester.
3: Redrow began building houses in 1982, and by 1985 this became its main business. In 1987, Redrow bought the Whelmar Lancashire housing subsidiary, and was selling 1000 houses a year.
4: In 1993, the housing recession eased and Redrow moved to the south-east, buying Costain Homes, which took its housing sales up to 2,000 a year.
5: In 1994, the construction part of Redrow was sold and housing became its sole business. The company grew throughout the nineties, reaching sales of 3,000 a year.
6: In 2000 Steve Morgan announced he was going to leave the company, with a 14 percent stake. Paul Pedley, who was Finance Manager at the time, became managing director. Steve Morgan returned to the company in 2009 as Executive Chairman.
7: In 2010, Redrow announced Redrow. TV, which was announced best marketing initiative at the Housebuilder Awards for Innovation.
8: Redrow sold its Scotland operation to Springfield Properties Plc in 2011 to focus on increased investment in other areas such as London.
9: In April 2014, Redrow was named Housebuilder of the Year at the Building Awards, while Steve Morgan was named Building Magazine Personality of the Year.
10: Redrow received a five-star award in March 2015 in the Home Builders Federation annual customer satisfaction survey.
UK Construction Week: winners revealed
The inaugural UKCW Construction Awards took place on the UKCW main stage this week at the NEC in Birmingham. The awards celebrate innovation and excellence for a range of large and small contractors architects, clients and suppliers. The winners were announced by architect George Clarke and main media partner Construction Buzz.
Contractor of 2019 - Sir Robert McAlpine
Construction Client of 2019 - Scape Group
Architectural Practice of 2019 - Grimshaw Architects
House Builder of 2019 - Swan Housing
Construction Supplier of 2019 - Ward
Construction Project of 2019 - Royal Opera House
Construction Employer of 2019 - Aylaa Exclusive
Digital Pioneer 2019 - Atkins
Modern Methods of Construction Pioneer 2019 - Mace
Production Innovation Award 2019 - Laing O'Rourke
Sir Robert McAlpine is celebrating its 150th anniversary and has stated: "Our 150th anniversary celebrations have been hard to miss on a number of sites across the country thanks to the presence of specially produced panels incorporated within our hoardings. This milestone year provided the opportunity to honour the vision and hard work of all those who have played their part in our long and successful history.
Nathan Garnett, event director at UK Construction Week, commented:
“We have wanted to host these awards for some time, but this year it was made possible by our industry Role Models who gave us their very honest and forthright views on who should receive these accolades.
“The businesses chosen as winners from a shortlist of more than 60 companies have convinced the toughest of judges – the people who are part of their delivery partners or supply chains, and the people who are inspiring others to join the construction industry.
“So it is great to be able to recognise the excellence we see all around us in this sector, and the businesses who are forging ahead on innovation despite the climate of uncertainty that is affecting construction so badly. They are beacons of light for the whole sector.”
UK Construction Week (UKCW) consists of multiple sections: Build, Building Tech, Civils, Energy & HVAC, Surface & Materials and Timber along with the newly launched Concrete Expo and Grand Designs Live. Next year's event takes place at Birmingham's NEC October 6-8.