United Living Group

Last updated
United Living Group Ltd
United Living
Company type Private
IndustryHousebuilding, Construction, Telecoms, Utilities and Property Maintenance
FoundedSeptember 2014
HeadquartersMedia House, Azalea Drive, Swanley, Kent BR8 8HU, UK,
Swanley
,
United Kingdom
Number of locations
13
Area served
United Kingdom
Key people
Neil Armstrong, CEO and Chairman
Parent
Divisions United Living New Homes, United Living Infrastructure Services, United Living Property Services
Subsidiaries United Living Water, United Living Energy, Great British Communications, Partner Construction
Website www.unitedliving.co.uk

United Living Group is a construction company which specialises in new build, planned maintenance, low carbon retrofit, extra care and land & funding opportunities. [1] In 2023, Apollo Global Management completed the purchase of the company. [2]

Contents

History

The company was formed from the merger of Bullock Construction Ltd and United House Ltd (the contracting division of United House Group) [3] in September 2014 [4] with the vision to become the national market leader in the provision of affordable housing and sustainable solutions.[ buzzword ] [1] Lloyds Development Capital (LDC) had an ownership stake in both companies: in April 2008 LDC invested in the management buy-out of Bullock Construction Limited [5] and in March 2010, United House secured financial backing from LDC to continue its expansion strategy. [4]

United House

The origin of United House lies with Geoffrey Granter who founded it as Harp Heating in 1964. Initially, the core business was installing central heating in council housing while the tenants remained in occupation. Harp Heating broadened this service into an internal refurbishment product for the GLC, installing a package of heating, bathroom, kitchen and electrical works in four days. To achieve this they developed highly organised logistics arrangements, distributing materials on a just in time basis from its 100,000 sq ft warehouse adjacent to the head office at Swanley. [6] Michael Rayfield was joint MD with Geoffrey Granter of Harp heating before the group changed its name. After Jeffrey Adams joined the company in 1981, becoming its joint owner with Granter, the company changed its name to United House and expanded into housebuilding and housing refurbishment. In the 1990s, the company won substantial business under the Private Finance Initiative linked to the Decent Homes Programme, and building of new social under the 1997–2010 Labour government. [7] A development division named Modern City Living was established in 1990. [8] United House became the leading housing PFI contractor in the UK, managing over 7,000 homes. [9] In 2008, Modern City Living was rebranded United House Developments.

Granter retired from the business in 2008 and Steven Halbert joined the board as chairman. Lloyds Development Capital (LDC) invested a minority stake and RBS provided bank loans to fund further expansion in inner city private housebuilding. [10]

Merged company

On 16 September 2014, a restructuring of United House Group was announced. United House's construction business (United House Ltd) merged with Bullock Construction, which was also owned by LDC and has a similar profile to United House Ltd, but worked in other areas of the UK. The new construction company was called United Living Group, [1] and Bullock's CEO Ian Burnett become the Group Chief Executive. Later in 2014, United House Developments, headed by Adams as chairman and Rick de Blaby as CEO, became a separate development company, based in London. [11] [12]

The new brand United Living Group was launched on 1 April 2015.

Merger with the Fastflow Group

In 2019, United Living and Fastflow Group merged to become United Living Group bringing together their construction, utilities and property maintenance businesses. Fastflow Group CEO, Neil Armstrong becoming CEO and chairman of the new enlarged group. In January 2023, the business reported pre-tax losses of around £21m for the second year running, on revenue of £437m. [13]

Organisation

In order to maintain current contracts, the existing companies were retained, but renamed. United Living (North) Ltd was formed from Bullock Construction Ltd; United Living (South) Ltd was formed from United House Ltd. United Living (North) Group Ltd was formed from Pyper Construction Ltd (Bullock's parent company); United Living (South) Holdings Ltd was formed from United House Group Ltd. [14]

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References

  1. 1 2 3 "Home - United Living" . Retrieved 28 March 2016.
  2. ↑ "Elysian Capital completes sale of United Living Group, a leading provider of Essential Infrastructure, Social Housing and Construction Services across the UK". Elysian Capital. Retrieved 2023-12-15.
  3. ↑ "Projects - United Living" . Retrieved 28 March 2016.
  4. 1 2 LDC (18 February 2016). "Our Portfolio". ldc.co.uk. Retrieved 28 March 2016.
  5. ↑ LDC (18 February 2016). "Our Portfolio". ldc.co.uk. Retrieved 28 March 2016.
  6. ↑ Bates, Rupert (May 2011). "Recipe for housing success". Show House. pp. 45–47. Retrieved 17 October 2011.
  7. ↑ Harrington, Ben (1 June 2008). "Builders set for fortune in United House disposal". Daily Telegraph. Retrieved 12 October 2011.
  8. ↑ "Our History" . Retrieved 28 March 2016.
  9. ↑ "United House". Lloyds TSB Development Capital. Retrieved 30 May 2014.
  10. ↑ Stothart, Chloë (21 April 2010). "Lloyds buys stake in United House". Inside Housing. Retrieved 12 October 2011.
  11. ↑ Wilson, Robyn (16 September 2014). "United House and Bullock Construction to merge". Construction News. Retrieved 16 September 2014.
  12. ↑ Prior, Grant (16 September 2014). "Loss-making United House to merge with Bullock". Construction Enquirer. Retrieved 17 September 2014.
  13. ↑ Morby, Aaron (9 January 2023). "United Living Holdings records £21m pre-tax loss". Construction Enquirer. Retrieved 9 January 2023.
  14. ↑ "Legal" . Retrieved 28 March 2016.
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