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  September 5, 2001
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Home > Company Index > Real Estate > Residential Construction > George Wimpey PLC

George Wimpey PLC
 PROFILE
It may no longer be the top home builder in the UK (Persimmon is #1), but George Wimpey isn't afraid to put up a fight. To streamline operations and cut costs, the firm is combining its two UK divisions: Wimpey Homes, which constructs one-bedroom apartments to five-bedroom homes, and McLean Homes, which specializes in upscale four-bedroom homes. The two builders complete more than 11,000 homes each year, with an average selling price of £112,500. George Wimpey is also reducing its number of operating regions from 29 to 21. Across the Atlantic, the company's Morrison Homes unit builds detached homes in Arizona, California, Florida, Georgia, and Texas.

 COMPETITION
Barratt Developments PLC (BDEV)
The Berkeley Group plc (BKL)
Persimmon plc (PSN)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,540.60
1-Yr. Sales Growth: 2.9%
Employees: 4,657
Revenue per employee: $545,544.34

 KEY PEOPLE
• Peter M. Johnson
    CEO
• Andrew Carr-Locke
    CFO

 CONTACT INFO
3 Shortlands
London W6 8EZ, United Kingdom
Phone: 44-20-8748-2000
Fax: 44-20-8846-3121
Online: Web Site

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