Keepmoat

The company was founded in Rotherham by George Bramall and Dick Ogden as Bramall & Ogden in 1931. During 1983, Bramall & Ogden acquired the Doncaster-based firm Frank Haslam Milan; the combined business was promptly rebranded as Keepmoat.{{cite web |url=http://www.keepmoat.com/about-us/why-keepmoat/our-history |title=Keepmoat: Our History |website=keepmoat.com |access-date=29 October 2017}}{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-keeps-the-home-fires-burning-13-01-2005/ |title = Keepmoat keeps the home fires burning |website = constructionnews.co.uk |date = 13 January 2005}}

By the early 2000s, Keepmoat's annual turnover routinely surpassed £140 million.{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-earnings-defy-a-flat-turnover-30-08-2001/ |title = Keepmoat earnings defy a flat turnover |website = constructionnews.co.uk |date = 30 August 2001}} The company's margins were increasing at this time, and it was heavily pursuing opportunities for growth in the regeneration and social housing markets.{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-to-bridge-social-housing-gaps-26-09-2002/ |title = Keepmoat to bridge social housing gaps |website = constructionnews.co.uk 26 September 2002 |date = 26 September 2002 }}{{cite web |url = https://www.constructionnews.co.uk/sections/news/social-housing-refurbs-split-01-03-2001/ |title = Social housing refurbs split |website = constructionnews.co.uk |date = 1 March 2001}} In August 2003, it announced that pre-tax profits had doubled to £10.4 million.{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-profits-up-to-10-4m-07-08-2003/ |title = Keepmoat profits up to £10.4m |website = constructionnews.co.uk |date = 7 August 2003 }} During the following year, it was awarded one of four roles on a massive regeneration scheme in the center of Liverpool;{{cite web |url = https://www.constructionnews.co.uk/sections/news/massive-housing-deal-split-between-four-firms-18-03-2004/ |title = Massive housing deal split between four firms |website = constructionnews.co.uk |date = 18 March 2004 |first = Alasdair |last = Reisner}}{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-eyes-25pc-growth-05-08-2004/ |title = Keepmoat eyes 25pc growth |website = constructionnews.co.uk |date = 5 August 2004}}

During July 2005, the firm announced record results for the fifth year in a row, having reportedly benefitted considerably from the British Government's commitment towards providing sustainable communities.{{cite web |url = https://www.constructionnews.co.uk/sections/news/social-success-for-keepmoat-21-07-2005/ |title = Social success for Keepmoat |website = constructionnews.co.uk |date = 21 July 2005 }}{{cite web |url = https://www.constructionnews.co.uk/sections/news/venture-capitalists-eye-housing-2-28-09-2005/ |title = Venture capitalists eye housing |website = constructionnews.co.uk |date = 28 September 2005}} Around this time, senior management were predicting that the margins of private housing were set to decline.{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-boss-predicts-dip-in-private-housing-margins-in-2005-28-07-2005/ |title = Keepmoat boss predicts dip in private housing margins in 2005 |website = constructionnews.co.uk |date = 28 July 2005}} Profits continued to rise sharply in subsequent years.{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-keeps-up-with-profits-10-08-2006/ |title = Keepmoat keeps up with profits |website = constructionnews.co.uk |date = 10 August 2006}}{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-increases-turnover-to-532m-03-10-2007/ |title = Keepmoat increases turnover to £532m |website = constructionnews.co.uk |date = 3 October 2007 }}

During mid 2007, following an auction process organised by Deloitte, Keepmoat was subject to a management buyout valued at £783 million.{{cite web |url=https://www.unquote.com/unquote/news/91215/uk-bosif-backs-gbp783m-mbo-of-community-regeneration-specialist |title = UK - BOSIF backs £783m MBO of community regeneration specialist |website = unquote.com |date = 17 August 2007}}{{cite web |url = https://www.building.co.uk/news/hbos-backs-783m-keepmoat-mbo/3093498.article |title = HBOS backs £783m Keepmoat MBO |first1 = Alex |last1 = Smith |first2 = Sarah |last2 = Richardson |date = 17 August 2007}} Roughly one year later, the company, which had been negatively impacted by the 2008 financial crisis, had become indirectly owned by the British Government amid moves to stabilise the economy.{{cite web |url = https://news.sky.com/story/quartet-of-bidders-in-final-stages-of-battle-for-700m-housebuilder-keepmoat-12367940 |title = Quartet of bidders in final stages of battle for £700m housebuilder Keepmoat |website = news.sky.com |first = Mark |last = Kleinman |date = 30 July 2021}}{{cite web |url = https://www.thetimes.com/article/the-bank-that-burnt-60-billion-8lksfrmj32z |title = The bank that burnt 60 billion |first1 = Iain |last1 = Dey |first2 = Karl |last2 = West |date = 1 January 2012 |publisher = The Sunday Times}} Despite this drastic move, Keepmoat's financial figures remained positive and even reported a 25 percent rise in January 2009 while maintaining its traditional business strategy and annual targets alike.{{cite web |url = https://www.building.co.uk/news/keepmoat-reports-25-profit-rise/3131770.article |title = Keepmoat reports 25% profit rise |first = Tom |last = Bill |website = building.co.uk |date = 19 January 2009}}{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-focus-on-social-housing-11-09-2009/ |title = Keepmoat focus on social housing |website = constructionnews.co.uk |date = 11 September 2009 }}

In January 2010, Keepmoat bought Milnerbuild, a Leeds-based social housing repair and maintenance company.{{cite web |url=http://www.building.co.uk/keepmoat-buys-milnerbuild/3157003.article |title=Keepmoat buys Milnerbuild |website=building.co.uk |date = 29 January 2010 |access-date=29 October 2017}}{{cite web |url = https://www.yorkshirepost.co.uk/business/keepmoat-on-growth-trail-with-milnerbuild-1990655 |title = Keepmoat on growth trail with Milnerbuild |website = yorkshirepost.co.uk |date = 26 January 2010}} Two years later, Keepmoat completed a merger with social housing provider Apollo, under which both firms maintained separate identities initially.{{cite web |url=http://www.constructionenquirer.com/2012/03/26/keepmoat-apollo-merger-legally-sealed/ |title=Keepmoat merger with Apollo legally sealed - Construction Enquirer |website=constructionenquirer.com |date = 26 March 2012 |access-date=29 October 2017}}{{cite web |url = https://www.insidehousing.co.uk/news/leading-social-housing-contractors-plan-merger-28088 |title = Leading social housing contractors plan merger |publisher = insidehousing.co.uk |date = 22 July 2011 |first = Alex |last = Wellman}} Less than a year after merging with Apollo, a new management structure was implemented, 200 support staff were made redundant, and Ian Sutcliffe, Keepmoat's then-chief executive, parted ways with the company in favour of Dave Sheridan, the former chief executive of Apollo.{{cite web |url = https://www.insidehousing.co.uk/news/keepmoat-ceo-stands-down-amid-ownership-rejig-33471 |title = Keepmoat CEO stands down amid ownership rejig |publisher = insidehousing.co.uk |date = 25 October 2012 |first = Gavriel |last = Hollander}}{{cite web |url = https://www.constructionnews.co.uk/sections/news/exclusive-keepmoat-and-apollo-merger-results-in-200-redundancies-30-04-2012/ |title = EXCLUSIVE: Keepmoat and Apollo merger results in 200 redundancies |website = constructionnews.co.uk |date = 30 April 2012 |first = Luke |last = Cross}}

During 2012, the firm controversially extended its standard payment term, negatively impacting its supply chain,{{cite web |url = https://www.constructionnews.co.uk/sections/news/dismay-as-keepmoat-extends-payment-terms-18-09-2012/ |title = Dismay as Keepmoat extends payment terms |website = constructionnews.co.uk |date = 18 September 2012 |first = Luke |last = Cross}} and reportedly brought at least one subcontractor to the brink of collapse.{{cite web |url = https://www.constructionnews.co.uk/sections/news/keepmoat-subcontractor-risks-collapse-after-late-payments-25-09-2012/ |title = Keepmoat subcontractor risks collapse after late payments |website = constructionnews.co.uk |date = 25 September 2012 |first = Mark |last = Lewis}}

In late 2014, Keepmoat was acquired by a pair of London-based private equity firms, TDR Capital and Sun Capital Partners (UK), under a deal with an estimated value of £400 million.{{cite web |url=http://www.building.co.uk/keepmoat-bought-by-private-equity-firms/5070804.article |title=Keepmoat bought by private equity firms |website=building.co.uk |first = Vern |last = Pitt |date = 9 September 2014 |access-date=29 October 2017}}{{cite web |title=Keepmoat |url=http://www.suncap.co.uk/recent_project.htm |website=Sun Capital |access-date=14 August 2015}} In February 2017, Keepmoat sold its regeneration business to the French utility company ENGIE in exchange for £330 million; it had an annual turnover of roughly £800 million and employed 2,500 people at the time of the transaction.{{cite web |url=http://www.constructionenquirer.com/2017/03/02/keepmoat-offloads-regeneration-arm-for-330m/ |title=Keepmoat offloads regeneration arm for £330m |publisher=Construction Enquirer |first = Aaron |last = Morby |date = 2 March 2017 |access-date=17 May 2017}}{{cite web |url = https://constructionmanagement.co.uk/keepmoat-s6ells-regenerati4on-arm-french-ene5rgy/ |title = Keepmoat sells regeneration arm to French energy giant |website = constructionmanagement.co.uk |date = 2 March 2017}}

During late 2018, Keepmoat was hit by a £13.2 million loss from its West Midlands sites, which prompted the company to close its offices in that area. The problems hit the company’s overall operating profits, which slid 35.4% to £18.2m in the 12 months to the end of March 2018.{{Cite web |url=https://www.insidehousing.co.uk/news/news/keepmoat-books-132m-hit-from-west-midlands-sites-58172 |title=Keepmoat books £13.2m hit from West Midlands sites |last=Curry |first=Rhiannon |date=18 September 2018 |website=Inside Housing |language=En |access-date=11 December 2019}} During 2019, the company sold 4,035 homes - 1.2 per cent more than the previous 12 months.{{Cite web |url=https://www.yorkshirepost.co.uk/business/keepmoat-poised-resume-building-new-homes-after-lockdown-2546388 |title=Keepmoat poised to resume building new homes after lockdown |date=22 April 2020}}

In July 2021, Terra Firma Capital Partners was reported to be bidding £700m to buy Keepmoat with a view to combining it with its Kier Living business,{{cite news |last1=Kleinman |first1=Mark |title=Guy Hands eyes housebuilding empire with £700m Keepmoat bid |url=https://news.sky.com/story/hands-eyes-housebuilding-empire-with-700m-keepmoat-bid-12355173 |access-date=14 July 2021 |work=Sky News |date=13 July 2021}} which Terra Firma had purchased from the Kier Group in exchange for £110 million only three months earlier.{{cite news |last1=Simpson |first1=Jack |title=Kier completes £110m sale of housing business |url=https://www.insidehousing.co.uk/news/news/kier-completes-110m-sale-of-housing-business-70907 |access-date=13 July 2021 |work=Inside Housing |date=1 June 2021}}

In late 2021, Aermont Capital completed the purchase of Keepmoat Homes from Sun Capital Partners (UK) and TDR Capital in exchange for £700 million.{{cite web |url = https://www.thebusinessdesk.com/yorkshire/news/2079584-700m-takeover-deal-for-property-group |title = £700m takeover deal for property group |website = thebusinessdesk.com |date = 11 August 2021 |first = Ben |last = Ormsby}}{{Cite web |url=https://pitchbook.com/newsletter/aermont-capital-to-pick-up-keepmoat-homes-for-700m |title=Aermont Capital to pick up Keepmoat Homes for £700M |website=pitchbook.com |date=5 August 2021}}

In May 2023, Keepmoat announced record results for the year, with a 10.9 per cent boost in revenue, up to £778.1 million.{{Cite web |url=https://www.yorkshirepost.co.uk/business/doncaster-homebuilder-keepmoat-announces-record-results-4138986 |title=Doncaster builder announces record results |website=yorkshirepost.co.uk |date=11 May 2023}} During the following year, the firm's revenue rose by 11 percent, up to £864.6 million, but pre-tax profit declined by 10 percent to £83.2 million.{{cite web |url = https://www.theconstructionindex.co.uk/news/view/keepmoat-revenues-up-profits-down |title = Keepmoat revenues up, profits down |website = theconstructionindex.co.uk |date = 26 March 2024}}

The company's flagship developments include:

• Sighthill, Glasgow: The development, which is part of the Sighthill Transformational Regeneration Area, the largest project of its kind outside of London, will feature 824 new homes when it is completed.{{cite web |url=https://www.scottishconstructionnow.com/article/keepmoat-launches-flagship-824-home-development-at-sighthill |title= Keepmoat launches flagship 824-home development at Sighthill |publisher=Scottish Construction Now |date=27 September 2019}}
• Chase Farm, Gedling: Keepmoat Homes is involved in the creation of thousands of new homes in the Borough of Gedling. Chase Farm is the largest of the borough's planned new developments, with more than 1,000 homes to be built. The land, next to the 240-acre Gedling Country Park, was sold to Keepmoat in 2015.{{cite web |url=https://www.nottinghampost.com/news/nottingham-news/thousands-new-homes-new-bypass-3267291 |title= Thousands of new homes, a new bypass and shops - the changing face of Gedling borough |publisher=Nottingham Post |date=31 August 2019}}
• Waterside, Leicester: Keepmoat Homes is helping to transform an underused stretch of the Grand Union Canal and creating a new neighbourhood, close to the city.{{cite web |url=https://www.leicester.gov.uk/your-council/city-mayor-peter-soulsby/my-vision/connecting-leicester/transforming-the-waterside/ |title= Transforming the Waterside |publisher=Leicester City Council |date=April 2020}}

Keepmoat was the main sponsor of the Keepmoat Stadium in Doncaster from 2006 to late 2021 .{{cite web |url=https://www.independent.co.uk/sport/football/news-and-comment/giving-the-name-away-stadiums-named-after-sponsors-1814651.html?action=gallery&ino=13 |title=Giving the name away: Stadiums named after sponsors |date=9 October 2012 |website=independent.co.uk |access-date=29 October 2017}}

{{Reflist}}

• {{Official website|http://www.keepmoat.com/}}

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Category:Construction and civil engineering companies of the United Kingdom

Category:Housebuilding companies of the United Kingdom

Category:Companies based in Doncaster

Category:2014 mergers and acquisitions

Category:1931 establishments in England

Category:Construction and civil engineering companies established in 1931

Category:British companies established in 1931