Company Background and overview:

Bellway website: https://www.bellwayplc.co.uk/

 

Bellway is a family business operating within the United Kingdom for over 75 years; being founded in 1946 by John Thomas Bell. The organisation pride themselves on building houses while initiating sustainability factors to these homes. The business has a locational structure of having headquarters in Newcastle and 22 divisional offices that cover populated areas across England, Scotland and Whales. Having this diverse range of locations allow for local managers to focus on specific demands of customers that may be required in those particular geographical areas.

 

Bellway has demonstrated to have taken steps in initiating in sustainable homes, protecting the environment, society and the economic. Utilisation of materials and design of sustainable homes such as the use of solar and particular layout. The company considers its current demands and demands that may be inheritable within the future. It also donates time and money to a number of charities and communities within the UK; depicting to benefit these foundations.  Bellway employees 3042 people within the company, having a good rating to human resources and retainment.

 

The company sells approximately 5, 700 homes per year and places them within the top five home builders within the UK. On an average a private market home sold for 345, 000 pounds in 2022. This is predicted to decline slightly within 2023. With the increasing population within the UK, these sees Bellway to expect a continued moderate growth. The demand for new homes within England for the year 2022 is at 19.2%. Housing demonstrates to be at a relatively low number within the UK demonstrates that 1 in 208 people are without a home. The shortage of homes looks at Bellway to potentially have a strong requirement within the country. However, on 4 June 2023 Bellway fell 24.9% on the share market; this is seen to be due to the cost-of-living pressures and the uncertainty of interest rates. It has been demonstrated that they will continue to see lowering volume output into 2024 as the financial environment within the UK remains uncertain.