Keepmoat

Keepmoat Ltd
Limited company
Industry Housebuilding
Founded 1931
Headquarters Doncaster, United Kingdom
Key people
 Dave Sheridan (Group Chief Executive)
Revenue £1,105.7 million (2015)[1]
£52.0 million (2015)[1]
£40.3 million (2015)[1]
Parent TDR Capital and Sun Capital Partners (UK)
Website www.keepmoat.com

Keepmoat Ltd is a community regeneration and housebuilding company in the United Kingdom. It operates in public and private housebuilding, extra care services, planned and responsive repairs, and sustainability solutions. Its headquarters are in Doncaster.

History

Keepmoat's history dates back to 1931. Bramall & Ogden Ltd, founded by George Bramall and Dick Ogden, and Frank Haslam Milan Ltd, were established in Rotherham and Doncaster. The two original businesses operated throughout Yorkshire on public sector housing projects.

After both businesses were renamed to Bramall Construction and Frank Haslam Milan, in 1983, the management teams from the two companies formed its parent company, Keepmoat.[2]

In 1986, the company established Haslam Homes, a house-building division of Keepmoat.

Keepmoat bought Milnerbuild, a Leeds-based social housing repair and maintenance company, in 2010.[3] In 2012, the Keepmoat group of companies and Apollo merged[4] to become Keepmoat Ltd, forming a business with a turnover of £1 billion.

In 2014, Keepmoat was acquired by two London-based priavte equity firms, TDR Capital and Sun Capital Partners (UK).[5][6] Both partners expressed their intentions to support the long-term growth plans of the company.

Major projects

Newcastle

Keepmoat’s major projects include the regeneration programme of the Byker Wall in Newcastle,[7] the St. Mary's Passivhaus development in Oldham,[8] two PFI projects in Leeds[9] and Pendleton,[10] and a regeneration project in West Gorton to build 400 new homes.[11]

Criticism

Keepmoat have received criticism for delayed and poor work.[12] A website was set up to document the poor work and work practices by Keepmoat.[13]

Keepmoat have come in for criticism due to overcharging, they were subject to a fraud investigation in Merton for overcharging by £170,000.[14] The investigation found that there was no fraud however a whistleblower found this astonishing.[15]

Keepmoat are a management company and make extensive use of sub-contractors who undertake all of the works, this has been the cause of much criticism due to delays and quality. Keepmoat extended their payment terms to contractors which placed sub-contractors under financial duress.[16]

Sponsorships

Keepmoat has been the main sponsor of the Keepmoat Stadium in Doncaster since 2006.[17] The Keepmoat Stadium is home to Doncaster Rovers F.C., Doncaster RLFC and Doncaster Rovers Belles L.F.C..

References

  1. 1 2 3 "Annual Report 2015" (PDF). Keepmoat. Retrieved 28 March 2016.
  2. ↑ Keepmoat: Our History
  3. ↑ Keepmoat Buys Milnerbuild
  4. ↑ Keepmoat merger with Apollo legally sealed
  5. ↑ Keepmoat bought by private equity firms
  6. ↑ "Keepmoat". Sun Capital. Retrieved 14 August 2015.
  7. ↑ Multi-million pound revamp of Newcastle's Byker Wall is now under way
  8. ↑ Keepmoat defies government theory about cost of low-energy homes
  9. ↑ Leeds agrees £120m housing PFI deal
  10. ↑ Green light for £430m Pendleton PFI
  11. ↑ Keepmoat wins £50m West Gorton scheme
  12. ↑ http://www.suttonguardian.co.uk/news/11569060.Fuming_council_tenants_endure__seven_months_of_hell__as__cowboy__builders_take_them_for_a_ride/
  13. ↑ http://www.mykeepmoathell.co.uk
  14. ↑ http://www.yourlocalguardian.co.uk/news/13584936.Fraud_inquiry__Housing_group_overcharged___170_000_by_contractors_for_repairs_to_Merton_homes/
  15. ↑ http://www.yourlocalguardian.co.uk/news/13597924._We_are_absolutely_astonished___Staff_member_claims_fraud_investigation_at_Merton_housing_group_was_fudged/
  16. ↑ http://www.constructionnews.co.uk/companies/financial/keepmoat-subcontractor-risks-collapse-after-late-payments/8636228.fullarticle
  17. ↑ Giving the name away: stadiums named after sponsors

External links

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