Almost 10 years to the day since he returned to the business in 2009, our founder Steve Morgan retired from the board.
He was succeeded as Executive Chairman by John Tutte, and Matthew Pratt was appointed Chief Operating Officer.
Redrow was named Large Developer of the Year in Property Week's RESI Awards 2019, while outgoing Chairman Steve was named Personality of the Year.
Our commitments to developing thriving communities by building responsibly and valuing people are as strong as ever. Just some of our achievements and initiatives include:
* Launching a new mental health campaign, following our commitment to the Building Mental Health Charter
* Launching an online reservation service to enhance our customers' home-buying experiences
* Achieving a Five Star customer satisfaction award from the Home Builders Federation (HBF)
* Rolling out our unique Housebuilding degree programme out to school leavers for the first time
* Winning a NextGeneration Innovation award for our Social Value Calculator
In September, we once again posted record results and look forward to a successful future.
Record results were announced once again with almost 6,000 completions and a turnover of £1.92bn. A new Thames Valley division was created.
In October, we handed over our 100,000th home and celebrated investing £2.7 billion into community infrastructure over our history, including schools, affordable housing, green spaces and community amenities.
2017 again saw record results – including record turnover and pre-tax profits, as well as more than 5,400 legal completions and the acquisition of Radleigh Homes in February 2017. This became our new ‘Redrow East Midlands’ division, putting us in an even stronger position.
Our performance continued to rise in the financial year ending June 2015, with turnover smashing through the £1bn barrier for the first time and operating margin and profits also reaching new heights. Some major projects were announced, including Colindale Gardens in North West London, which is set to deliver nearly 3,000 new homes, as well as a range of shops, schools restaurants and public open space, on a site of nearly 50 acres over the next decade.
In 2014 we celebrated our 40th anniversary with two of the top national housebuilder awards (Building and What House), record-breaking revenue and profitability, plus staff playing their part with a mammoth charity campaign that raised around £440,000 for good causes across England and Wales.
Our London division celebrated its first significant contribution with the completion of its first major developments: Kingston Riverside and One Commercial Street.
Momentum was growing and a new London division was established with an exciting range of lucrative development schemes across the capital.
Since then the product range has grown further with the addition of the Georgian-influenced Regent Collection and the more contemporary looking Abode range; allowing us to meet, and keep ahead of, the ever-changing demands in a buoyant market. The opening of new divisional operations across the Southern Counties, West Country and South East has continued to help us deliver ever improved turnover and increased profits.
To top the year off, we were named best large housebuilder at the WhatHouse awards.
In February, we officially launched The ‘New’ Heritage Collection. These homes were inspired by the Arts & Crafts movement (c1850-1915), which had subsequently influenced many of the character properties of later periods, especially the 1920s and 30s. The New Heritage Collection features traditional elevations, period style features and spacious, flowing interiors.
Redrow TV was launched - a first in the UK housing industry.
In April, Steve Morgan returned to the helm and immediately set about re-opening sites and regional offices that had closed during the credit crunch. His mission was to restore our proud reputation for building premium-brand, high quality homes for all lifestyles. With the help of accomplished design and technical teams, he immediately addressed the company’s product range.
A global financial crisis struck and along with it came the credit crunch. Redrow, like many other businesses, was hit hard as property development across the UK came to a near standstill.
We were immensely proud to celebrate a real milestone - handing over the keys to our 50,000th customer.
2003 saw the launch of a new national training centre as part of a campaign to make us an employer of choice. Our commitment to employment and training today is bigger and bolder than ever before, with 15% of the total workforce undergoing an apprenticeship, graduate programme or other formal training programme.
In November 2000, Steve Morgan left the business to pursue personal interests and Redrow began to shift emphasis. Encouraged by Government planning policy, the company gradually increased development densities and, as a result, the reputation of the product and brand suffered.
We won the Housebuilder of the Year award for three years running, from 1997 to 1999. The accolade is the only major award voted for by customers.
We were lead developer in creating Dickens Heath near Solihull, which later became the most significant and prestigious new residential settlement development in the West Midlands.
We continued to go from strength to strength and became a public limited company on May 17.
The Harwood Homes range was introduced to appeal to an alternative market to existing Heritage customers.
On March 30, 1990 we relocated our UK headquarters to the purpose-built St David's Park.
In 1991 our Yorkshire and South Wales divisions were established, following our South West division in 1988.
The early 90s saw us emerge as a leader in our sector and the launch of the Heritage Collection was a hugely positive milestone for us. A plethora of awards followed, recognising our innovative product design and consistent high quality as well as commercial performance.
The 1980s saw regional expansion into the private homes sector and, through a combination of organic growth and shrewd acquisition, we quickly established a reputation as a quality national home builder, despite the difficult economic conditions at the time. Interestingly, the 80s saw us both entering and leaving the south east housing market, with impeccable timing on both occasions (in subsequent decades we returned to create several successful businesses in London and around the M25 corridor).
In 1985, we established our first regional office in the Midlands.
Through hard work and determination, our business was already expanding into main contract building and quickly embarked on our first major housing development at a site in Denbigh, North Wales.
We have a proud heritage which stretches back to 1974 when we were founded as a small civil engineering concern in North Wales, specialising in drainage sub-contracting. Steve Morgan was just 21 when he founded the company with a £5,000 loan from his father. The name originated from a combination of his address, Redwood Drive, and former address, Harrow Drive.