Persimmon plc


Persimmon plc

Infobox Company
company_name = Persimmon plc
company_
company_type = Public (lse|PSN)
foundation = 1972
location = York, England, UK
key_people = John White, Executive Chairman
Mike Farley, CEO
industry = Housebuilding
products =
revenue = £3,014.9 million (2007)
operating_income = £657.3 million (2007)
net_income = £413.5 million (2007)
num_employees = 4,349 (2006)
parent =
subsid =
homepage = [http://www.persimmonhomes.com www.persimmonhomes.com]
footnotes =

Persimmon plc (lse|PSN) is a British housebuilding company, headquartered in York, England, at a building called Persimmon House. The Company is named after a horse which won the 1896 Derby and St. Leger for the Prince of Wales. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index as of 23 June 2008. cite web|url=http://www.ftse.com/Media_Centre/Press_Releases/2008/20080611_Invensys,_Ferrexpo,_Petrofac_&_Drax_Group_to_Join_FTSE_100.doc |title=Invensys, Ferrexpo, Petrofac and Drax Group to Join FTSE 100 |accessdate=2008-06-14 |date=2008-06-11 |format=DOC |publisher=FTSE Group ]

History

Persimmon was founded by Duncan Davidson in 1972. [http://corporate.persimmonhomes.com/psn/aboutus/history/ Persimmon: History] ] It was first listed on the London Stock Exchange in 1985.

In 2001 it acquired "Beazer Homes UK", for £537.5m, then the largest house builder in the UK. The deal came about after Beazer and Bryant announced a 'merger of equals' to create a new house builder called Domus. [ [http://news.bbc.co.uk/1/hi/business/1118351.stm Persimmon to enter Beazer race] ] However, Taylor Woodrow stepped in with a £556m bid for Bryant, and Persimmon bought Beazer, a company named after its founder Brian Beazer, and originally started in Bath. The acquisition of Beazer brought with it Charles Church, a business founded by Charles and Sussana Church in 1965.

In January 2006 Persimmon acquired Westbury plc, another listed UK house builder, for a total consideration of £643 million. [ [http://news.bbc.co.uk/1/hi/business/4465540.stm UK Housebuilders announce tie-up] ]

Operations

Persimmon Homes is the UK's third largest house builder by volume, after Barratt Developments and Taylor Wimpey. It builds homes under the Persimmon homes, Charles Church and Westbury Partnerships brands. [ [http://corporate.persimmonhomes.com/psn/aboutus/profile/ Persimmon: Corporate Profile] ]

Charles Church is a well known builder of high end executive houses.

References

External links

* [http://www.persimmonhomes.com/ Official site]
* [http://www.charleschurch.com/ Official Charles Church site]
* [http://corporate.persimmonhomes.com/ Persimmon Homes Corporate Website]


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