founded 1946 headquarters newcastle upon tyne uk key people john watson chairman ted ayres ceo revenue 1 765.4 million 2015 1 operating income 360.5 million 2015 1 net income 283.1 million 2015 1 number of employees circa 2 000 2016 2 website www.bellway.co.uk bellway plc is a major uk residential property developer based in newcastle upon tyne . 3 it is listed on the london stock exchange and is a constituent of the ftse 250 index . contents 1 history 2 operations 3 references 4 external links history edit the company was founded in 1946 by john thomas bell and his sons john and russell as a housebuilder operating in newcastle upon tyne under the name john t. bell & sons . 4 in 1951 kenneth bell the youngest of the brothers joined the business . the three brothers also developed commercial property in the 1950s and their company north british properties was floated on the london stock exchange in 1961 . in 1963 north british acquired john t bell in a reverse takeover . 5 the bell family managed to tap into the huge demand for private housing that followed world war ii promoting developments such as cramlington new town built in partnership with william leech in the early 1960s . 6 bellway developed a substantial housebuilding operation in the north of england and sales reached 1 500 units in 1972 with a further 500 in the newly formed australian and french subsidiaries . in 1973 bellway moved into the south east with the purchase of a & r a searle . the group continued to expand through england in the 1970s but its overseas operations were less successful and were eventually closed . 7 in 1979 the bellway private housebuilding business was demerged from the commercial side of the business under the leadership of kenneth bell . in 1981 bellway and fellow newcastle housebuilder william leech announced a merger but it was called off within days the lifestyle of the two firms looked pretty incompatible . 8 diversification had not been wholly satisfactory ; ken bell became largely non executive and the day to day running of the business was assumed by howard dawe . howard dawe reorganised the business resumed the regional expansion on a more profitable basis and increased the company s focus on regeneration sites . 7 family involvement with the company ended with the death of kenneth bell in 1997 . 9 operations edit bellway offices in wetherby west yorkshire . the company does not have national house types and prefers to develop local designs with the help of local people . 10 it has offices throughout the uk . references edit a b c annual report and accounts 2015 . bellwaycorporate.com . retrieved 28 march 2016 . bellway homes one of the uk s largest house builders . bellway.co.uk . retrieved 28 march 2016 . bellway plc bwy.l . yahoo finance . retrieved 21 march 2013 . british housebuilders . google.co.uk . retrieved 23 march 2015 . company prospectus january 1961 no longer the pits telegraph 21 march 2003 a b wellings fred dictionary of british housebuilders 2006 troubador . isbn 978 0 9552965 0 5 . building june 1981 bellway builds on housing recovery . the independent . 1997 10 29 . retrieved 2008 10 08 . dead link about us . bellway . archived from the original on 14 september 2008 . retrieved 2008 10 08 . external links edit official site yahoo profile london stock exchange profile v t e construction industry of the united kingdom construction economy of the united kingdom companies consultancies and support services amec amey arcadis architecture firms arup atkins faithful gould buro happold capita ch2m cundall davis langdon elliott wood expedition engineering flint & neill gifford hoare lea interserve mace mitie mott macdonald mouchel rps scott wilson sweett group wsp housebuilders current barratt bellway berkeley bloor boot bovis countryside properties crest nicholson keepmoat lend lease mccarthy & stone miller muir persimmon redrow taylor wimpey united house defunct ashtons beazer broseley bryant homes comben homes 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