Rebuilding Barratt
Article Abstract:
Chairman of the UK housebuilder Barratt, Sir Lawrie Barratt was called back to save the company from receivership on Jul 29 1991. Lawrie had retired at the end of 1988 when Barratt was the top housebuilder in the UK. Barratt was selling 7,000 homes a year and had made a profit of 61.5 million pounds sterling for 1988. On Sep 26 1991 Lawrie announced debts of 170 million pounds sterling caused by high land purchasers and overheads. Over 500 employees were made redundant and branches were closed in south England, France and the US. Lawrie has succeeded in reducing debts by 50%. He will retire in Jun 1994.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1993
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Cut and thrust
Article Abstract:
Taylor Woodrow's group chief executive Tony Palmer is responsible for the reduction of the firm's 100 million pounds sterling overheads by 20 million pounds sterling. Palmer has achieved this by cutting about 1,884 jobs and merging offices. The group is now divided functionally rather than geographically into: civil engineering; general construction; management and engineering and M and E. Top level staff changes have been made. The group is focusing on survival. On Sep 9 1992 the group announced a loss of 16.7 million pounds sterling for the first half of 1992.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1992
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Hill's street news
Article Abstract:
Sir Brian Hill is leaving his family's building firm Higgs and Hill after 35 years of service on Dec 19 1992. Hill has decided to focus on his work as the Pres of the Building Employers Confederation and as Chairman of Great Ormond Street Children's Hospital. Hill helped found the Construction Industry Council in 1988. He has been one of the main figures in the construction industry campaign in 1992. He believes that the Chancellor's Autumn Statement is the start of the industry's revival.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1992
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