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Barratt Developments
From Wikipedia, the free encyclopedia
| Barratt Developments plc | |
|---|---|
 |
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| Type | Public (LSE: BDEV) |
| Founded | 1958 |
| Headquarters | Newcastle, England, UK |
| Key people | Charles Toner, Chairman Mark Clare, CEO |
| Industry | Housebuilding |
| Revenue | £2,431.4 million (2006) |
| Operating income | £409.6 million (2006) |
| Net income | £275.0 million (2006) |
| Employees | 4,854 (2006) |
| Website | www.barratthomes.co.uk |
Barratt Developments plc is one of the largest residential property development companies in the United Kingdom. It was founded in 1958 and has always been based in Newcastle upon Tyne. It has been listed on the London Stock Exchange since 1968 and is a constituent of the FTSE 100 Index.
Barratt builds housing across a wide range of the market from studios to executive homes. It uses the Barratt Homes and KingsOak Homes brands. It formerly had a relatively small subsidiary called Barratt American in Southern California in the United States, which it sold in August 2004. Margaret Thatcher famously purchased a house on one of Barratt's most upmarket estates, in Dulwich, South London, to use as a retirement home, though she has actually spent much of her retirement in a home in the central London district of Belgravia.
In April 2007 Barratt Developments acquired Wilson Bowden for circa £2.2bn[1].
In the year ended 30 June 2006 Barratt made profits of £391.4 million before tax and £275.0 million after tax on turnover of £2,431.4 million.
