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'''Persimmon plc''' is a British [[home construction|housebuilding]] company, headquartered in [[York]], England. It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 100 Index]]. |
'''Persimmon plc''' is a British [[home construction|housebuilding]] company, headquartered in [[York]], England. The company is named after [[Persimmon (horse)|a horse]] which won the 1896 [[Epsom Derby|Derby]] and [[St. Leger Stakes|St. Leger]] for the [[Edward VII of the United Kingdom|Prince of Wales (the future Edward VII)]]. It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 100 Index]]. |
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==History== |
==History== |
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Persimmon was founded by [[Duncan Davidson (businessman)|Duncan Davidson]] in 1972 |
Persimmon was founded by [[Duncan Davidson (businessman)|Duncan Davidson]] in 1972. After leaving [[George Wimpey]], Davidson had formed Ryedale Homes in 1965, selling it to [[Comben Homes]] in 1972 for £600,000. Davidson restarted development again in the Yorkshire area; Persimmon began to expand regionally with the formation of an Anglian division in 1976 followed by operations in the Midlands and the south-west.<ref name="Dictionary">Wellings, Fred: Dictionary of British Housebuilders (2006) Troubador. {{ISBN|978-0-9552965-0-5}}</ref> In 1984, Persimmon bought Tony Fawcett’s Sketchmead company; Fawcett had been a director of Ryedale and he became deputy managing director at Persimmon. The enlarged company was floated on the [[London Stock Exchange]] in 1985, by which time the Company was building around 1,000 houses a year.<ref>Company Prospectus</ref> |
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Steady regional expansion took volumes up to 2,000 by 1988 with a target of 4,000 following the housing recession. Tony Fawcett had died in 1990 and in 1993 John White was appointed as chief executive with Davidson remaining as an executive chairman. In 1995, Persimmon made the first of a series of major acquisitions. [[Ideal Homes (UK housebuilder)|Ideal Homes]], once the largest housebuilder in the country and then part of [[Trafalgar House (company)|Trafalgar House]] was bought for £176m giving the Group a much stronger presence in the south-east. This was followed by the purchase of the Scottish housing business of [[John Laing plc]] and [[Tilbury Douglas|Tilbury Douglas Homes]].<ref name="Dictionary"/> |
Steady regional expansion took volumes up to 2,000 by 1988 with a target of 4,000 following the housing recession. Tony Fawcett had died in 1990 and in 1993 John White was appointed as chief executive with Davidson remaining as an executive chairman. In 1995, Persimmon made the first of a series of major acquisitions. [[Ideal Homes (UK housebuilder)|Ideal Homes]], once the largest housebuilder in the country and then part of [[Trafalgar House (company)|Trafalgar House]] was bought for £176m giving the Group a much stronger presence in the south-east. This was followed by the purchase of the Scottish housing business of [[John Laing plc]] and [[Tilbury Douglas|Tilbury Douglas Homes]].<ref name="Dictionary"/> |
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