Galliford Try

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Galliford Try
Public
Traded as(LSEGFRD)
IndustryConstruction
Founded1908
HeadquartersUxbridge, United Kingdom
Key people
Peter Ventress (non executive Chairman)
Peter Truscott (CEO)
Revenue£2,931.6 million (2018)[1]
£196.2 million (2018)[1]
£118.3 million (2018)[1]
Number of employees
5,485 (2018)[1]
Websitewww.gallifordtry.co.uk

Galliford Try plc is a British construction company registered in Uxbridge, London. It is listed on the London Stock Exchange, and is currently a constituent of the FTSE 250 Index.

History[edit]

A Linden Homes development in Bishops Cleeve, Gloucestershire

The company was created in 2000 through a merger of Try Group plc, founded by WS Try in 1908 in London, and Galliford plc, founded by Thomas Galliford in 1916.[2]

Try Group[edit]

Try was founded by W S Try, a carpenter, in 1908. Try operated as a general contractor until the beginning of the 1970s, when Try Homes was formed. Despite acquisitions, housing remained on a relatively small scale, peaking at around two hundred units a year in the beginning of the 1990s.[3]

Galliford[edit]

Galliford became a public company in 1965, having initially been developed as a civil engineering business. It then entered the private housing market in 1973 with the acquisition of Crabb Curtis. The housing contribution was late extended through Stamford Homes and, in 1998, the acquisition of Midas Homes, by which time the group was building around five hundred houses a year.[3]

Galliford Try plc[edit]

Between 2005 and 2015 the company was led by chief executive Greg Fitzgerald.[4][5] The company expanded its construction business acquiring Morrison Construction from AWG plc in March 2006[6] and Miller Construction from Miller Homes in July 2014.[7] It entered the housebuilding business acquiring Gerald Wood Homes in 2001,[2] Chartdale in January 2006,[8] Kendall Cross in November 2007,[9] Linden Homes in February 2008,[10] Rosemullion Homes in December 2009[11] and Shepherd Homes in May 2015.[12]

All the individual house building divisions were re branded as Linden Homes in 2011.[13] In February 2018, following the January collapse of Carillion (Galliford Try's joint venture partner, with Balfour Beatty, on the Aberdeen Western Peripheral Route), Galliford Try said it would need to raise £150m to pay for cost overruns on the project;[14] in November 2018, the company said delays would cost an extra £20m, taking its total project hit to £143m.[15]

CEO Peter Truscott said the company's construction division would no longer undertake fixed price major projects of this kind.[14] On 27 March 2018, the company confirmed it had successfully raised £158m in a rights issue.[16]

Operations[edit]

The Wimbledon Centre Court roof built by Galliford Try

The company is organised as follows:[17]

  • Linden Homes
  • Galliford Try Partnerships
  • Construction

Major contracts[edit]

Major projects include:

References[edit]

  1. ^ a b c d "Annual Report 2018" (PDF). Galliford Try. Retrieved 17 March 2019.
  2. ^ a b "Our Company History – Galliford Try Plc". gallifordtry.co.uk. Retrieved 22 March 2015.
  3. ^ a b Wellings, Fred: Dictionary of British Housebuilders (2006) Troubador. ISBN 978-0-9552965-0-5
  4. ^ Lynch, Russell (10 November 2017). "Greg Fitzgerald: Meet the Bovis Homes boss who's anything but shy". Evening Standard. Retrieved 24 September 2018.
  5. ^ Schouten, Charlie (5 April 2017). "Ex-Galliford Try chief joins Bovis as CEO". Construction News. Retrieved 24 September 2018.
  6. ^ AWG sells building arm to Galliford Telegraph, 2 March 2006
  7. ^ "Galliford Try buys Miller Construction for £16.6m". The Scotsman. 10 July 2014. Retrieved 17 March 2017.
  8. ^ Galliford buys Chartdale for £67m Contract Journal, 19 January 2006
  9. ^ Galliford Try buys Kendall Cross for £9.3m Building, 15 November 2007
  10. ^ Galliford Try buys Linden Homes for £244.5m Building, 8 February 2008
  11. ^ "Galliford Try buys Cornwall housebuilder for £200,000". BD online. 4 December 2009. Retrieved 17 March 2017.
  12. ^ "Shepherd sells housing business". Yorkshire Post. 14 May 2015. Retrieved 24 June 2016.
  13. ^ "Galliford Try Homes acquires new land as part of expansion plans". smartnewhomes.com. 12 January 2010. Retrieved 19 March 2010.
  14. ^ a b Morby, Aaron (14 February 2018). "Galliford Try to raise £150m to cover Aberdeen Bypass". Construction Enquirer. Retrieved 14 February 2018.
  15. ^ Morby, Aaron (7 November 2018). "Latest Aberdeen bypass delay costs Galliford Try extra £20m". Construction Enquirer. Retrieved 8 November 2018.
  16. ^ Morby, Aaron (27 March 2018). "Galliford Try cash call raises £158m for Aberdeen Bypass". Construction Enquirer. Retrieved 27 March 2018.
  17. ^ "About Us". gallifordtry.co.uk. Retrieved 22 March 2015.
  18. ^ Galliford Try: £60m profit Contract Journal, 11 September 2008
  19. ^ Galliford Try checks into Midland Grand Times online, 17 February 2009
  20. ^ "Museum of Liverpool gets iconic structure". New Steel Construction. 1 March 2008. Retrieved 3 June 2008.
  21. ^ "World's first mobile research centre opens in Antarctica". De Zeen. 6 February 2013. Retrieved 17 March 2017.
  22. ^ "Galliford Try bags £12m Gary Neville hotel". Building. 21 March 2013. Retrieved 12 June 2015.
  23. ^ "Construction industry invited to bid for Forth Replacement Crossing contract" (Press release). Transport Scotland. 30 November 2009. Retrieved 1 December 2016.
  24. ^ "BBC News - Aberdeen bypass: Preferred bidder named as Connect Roads". BBC News.

External links[edit]