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Barratt Developments PLC celebrates 55 years of listing on the London Stock Exchange by closing the Main Market

Today, Barratt Developments PLC, Britain’s leading national sustainable housebuilder, celebrated the 55th anniversary of its listing on the London Stock Exchange with the Market Closing Ceremony.

Founded in 1958 by Lewis Greensitt and Sir Lawrie Barratt, Greensitt and Barratt Limited, the forerunner to Barratt Developments PLC, successfully listed on the London Stock Exchange in November 1968, having completed around 500 homes in the previous year, with turnover of just over £800,000.  Ten years later, in 1979, Barratt completed 10,000 homes with sales of £200m and became the largest housebuilder in the UK, a leadership position which the Group has held ever since. 

Barratt’s leadership has been cemented through its commitment to build quality and customer service, reflecting continuous design and innovation, to improve the homes built for our customers and our sales and marketing strengths. All made possible by the dedicated and talented teams of people, both past and present, who have helped make Barratt the business it is today.

Since flotation, the Group has built more than 550,000 homes across Britain and Barratt is the only major housebuilder to have now been awarded the maximum 5 star rating by their customers in the Home Builders Federation Customer Satisfaction Survey for 14 consecutive years.

In the last financial year, to 30 June 2023, the Group completed 17,206 homes across England Scotland and Wales and generated sales of £5.3bn and an adjusted profit before tax of £884m. The Group also secured not only the London Stock Exchange’s ‘Green Economy Mark’ accreditation but also joined the CDP Climate Change A List for Leadership, one of fewer than 300 companies globally.

David Thomas, Chief Executive at Barratt Developments, said:

“We are delighted to celebrate 55 years of listing on the London Stock Exchange. From the Group’s flotation back in 1968, our listing has provided recognition and confidence to both our customers, our suppliers, and our lenders, as well as the ability to issue equity to support our growth, both organically and through acquisitions, over the years. Our purpose remains clear: to lead the future of housebuilding by putting customers at the heart of everything we do. Reflecting our position as Britain’s largest housebuilder, we are committed to playing a key role in addressing the housing shortage and delivering the sustainable, high-quality, and energy-efficient homes and developments needed across England, Scotland, and Wales.” 

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