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It has grown to become one of the largest housebuilders in the UK. [3] In the year to 31 December 2023, Cala Group sold 2,917 homes, had a turnover of £1.3 billion and reported a pre-tax profit of £112 million. It employed over 1,300 people across 10 offices. [4]
The merged businesses would create a house builder, Barratt Redrow, turning over £7.45 billion and delivering over 22,600 homes a year. [54] Subject to regulatory and shareholder approval, the deal was expected to be completed in the second quarter of 2024. [54] The deal would see around 800 jobs lost and nine offices close. [55]
Vistry and rivals Countryside and Crest Nicholson enjoyed share gains after Kwasi Kwarteng revealed a boost for homebuyers and developers.
In February 2024, Persimmon was among eight UK house-builders targeted by the Competition and Markets Authority in an investigation into suspected breaches of competition law. The CMA said it had evidence that firms shared commercially sensitive information with competitors, influencing the build-out of sites and the prices of new homes. [ 70 ]
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The HBF can trace its roots back to 1939 and the establishment of the National Association of House Builders. [2] This became the Federation of Registered House Builders in 1946 (representing the housing element of the National Federation of Building Trades Employers, NFBTE, in whose annual reports its activities were described), [3] and the House Builders Federation in 1970.
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The merged businesses would create a house builder turning over £7.45bn and delivering over 22,600 homes per year. [53] Subject to regulatory and shareholder approval, the deal was expected to be completed in late 2024, [53] and would see around 800 jobs lost (a 10% reduction in total employees) and nine offices close. [54]