Type | Limited company |
---|---|
Industry | Housebuilding |
Founded | 1931 |
Headquarters | Doncaster, United Kingdom |
Key people | Tim Beale (chief executive officer) |
Revenue | £406.0 million (2020) [1] |
£7.8 million (2020) [1] | |
£(14.4) million (2020) [1] | |
Parent | Aermont Capital |
Website | www.keepmoat.com |
Keepmoat Homes Ltd is a housebuilding company in the United Kingdom that provides private homes for sale. Its headquarters are in Doncaster.
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]
The company's flagship developments include:
Keepmoat was the main sponsor of the Keepmoat Stadium in Doncaster from 2006 to late 2021 . [16]
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