Taylor Wimpey plc (TW.L, TW/ LN)
Trading in the UK, North America and Spain, Taylor Wimpey built over 20,000 new homes in 2007. Resulting from the merger of Taylor Woodrow and George Wimpey in July 2007, the group is the largest quoted UK builder by units completed and is a member of the FTSE 250 Index. Taylor Wimpey completed 14,862 new homes in the UK in 2007 at an average sales price of £191,000. Operating from 34 regional offices, private completions are spread across the north (35%), midlands (31%) and south (34%). Apartments account for 40% of completions, with the remainder split between one/two/three bedroom houses (31%) and four/five bedroom houses (29%). Fifteen percent of the group's UK output is to the affordable housing market. Taylor Wimpey builds under the George Wimpey, Bryant Homes, G2, Wilson Connolly and Laing Homes brands in the UK. In North America, the group builds under the Taylor Morrison (US) and Monarch (Canada) brands. These divisions completed 5,197 new homes in 2007 at an average sales price of £175,000. Unit sales are split among the west (16%), the south-east (43%), the south-west (20%) and Canada (21%). In Spain and Gibraltar, Taylor Wimpey completed a total of 212 homes at an average sales price of £279,000. These completions are split among mainland Spain (20%), Mallorca (52%) and Gibraltar (28%). Taylor Wimpey also provides construction and facilities management services to high-growth industrial sectors in the UK. In 2007 this unit contributed 10% of group revenue.
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