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In February 2024, Barratt and Redrow were among eight UK house-builders targeted by the CMA 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. [60]
The National Federation of Builders (NFB) is a United Kingdom trade association representing the interests of regional contractors and small and medium sized house builders (up to 250 homes per annum) in England and Wales. [1]
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]
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[5] [24] In 1999, the firm launched a new subsidiary focused on interurban development. [25] Throughout the late 1990s, Persimmon recorded a series of increases to its profits. [26] In early 2001, Persimmon acquired Beazer Homes UK in exchange for £612 million, which brought the company's annual output to over 12,000 homes per year.
[24] [25] In 2015, Wates acquired the construction, facility management, and engineering services businesses of Shepherd Building Group in exchange for £9.8 million. Consequently, 1,200 staff transferred to the firm in September 2015. [26] [27] In early 2013, Paul Drechsler was replaced as CEO by James Wates. [28]
By then, Costain had completed over 4,000 houses in the London area, some at prices up to £4,000. [6] Costain continued to expand its private housebuilding and it was described as "one of the largest speculative housebuilders and estate developers in this country before the war." [7] Following the flotation, Costain moved into civil engineering.