Keepmoat Homes Ltd is a housebuilding company in the United Kingdom that provides private homes for sale. Its headquarters are in Doncaster.
Company type | Limited company |
---|---|
Industry | Housebuilding |
Founded | 1931 |
Headquarters | Doncaster, United Kingdom |
Key people | Tim Beale (chief executive officer) |
Revenue | £778.1 million (2022)[1] |
£105.3 million (2022)[1] | |
£79.8 million (2022)[1] | |
Parent | Aermont Capital |
Website | www.keepmoat.com |
The company was founded in Rotherham by George Bramall and Dick Ogden as Bramall & Ogden in 1931. It acquired Frank Haslam Milan (founded in Doncaster 1928) in 1983 and changed the name of the combined business to Keepmoat.[2]
Keepmoat bought Milnerbuild, a Leeds-based social housing repair and maintenance company, in 2010,[3] and, in 2012, Keepmoat completed a merger with social housing provider Apollo.[4]
In 2014, Keepmoat was acquired by two London-based private equity firms, TDR Capital and Sun Capital Partners (UK).[5][6]
In February 2017, Keepmoat sold its regeneration business, employing 2,500 people, to ENGIE for £330m.[7]
In 2018, Keepmoat was hit by a £13.2m 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.[8]
In 2019, the company sold 4,035 homes - 1.2 per cent more than the previous 12 months.[9]
In July 2021, Terra Firma Capital Partners was reported to be bidding £700m to buy Keepmoat with a view to combining it with its former Kier Living business.[10] Terra Firma purchased Kier Living, the housing arm of the Kier Group, for £110m in April 2021, rebranding it as Tilia Homes in June 2021.[11]
In late 2021 Aermont Capital completed the purchase of Keepmoat Homes from Sun Capital Partners (UK) and TDR Capital for £700m.[12]
In May 2023, Keepmoat announced record results for the year, with a 10.9 per cent boost in revenue, up to £778.1 million.[13]
The company's flagship developments include:
Keepmoat was the main sponsor of the Keepmoat Stadium in Doncaster from 2006 to late 2021 .[17]