Jump to content
House Price Crash Forum
Sign in to follow this  
Hard-up

Taylor Woodrow Closes Hq

Recommended Posts

Some staff may relocate to work at the London offices of the now Taylor Wimpey group.

If they can afford it! Sell your 3 bed semi in Solihull and what will it get you in London?

HPC is gathering steam.....

Share this post


Link to post
Share on other sites
If they can afford it! Sell your 3 bed semi in Solihull and what will it get you in London?

HPC is gathering steam.....

That's my first thought, how ironic, get fully exposed to SE pricing (either renting or owning) or lose your job. Must be reall gutting knowing from the inside the whole industry pricing model, the land hoarding, the aritifical restriction of supply and then be handed the shitty end of the stcik yourself!

Share this post


Link to post
Share on other sites
Maybe they are buying back any unsold flats in london for rock bottom prices, and letting them out to their employees in London.

That would work well :o

I think they'd know the quality of those falts.

I think they'd know how big they are.

I think they'd know how the quality of some/most areas are that they have built in.

I don't think they'd be happy. :lol:

Share this post


Link to post
Share on other sites
Homebuilders Taylor Woodrow is closing it's Solihull HQ with the potential loss of 700 jobs

http://icsolihull.icnetwork.co.uk/news/loc...-name_page.html

Some staff may relocate to work at the London offices of the now Taylor Wimpey group.

This is incredibly foolish, margins in construction have always been very thin, and HQ staff form a very significant part of overheads. There is no sensible reason for a construction company to have it's main office in London.

The sensible thing to do would have been to keep the main office in Solihull where costs are cheap, and keep just a small 'Head Office' in London for shmoozing big clients.

I can only assume that Wimpey were in the driving seat of the merger, I predict big financial problems for the new group as the post HPC construction recession kicks in. They will have real problems competing with the other big contractors that have their main staff base outside the south-east.

Share this post


Link to post
Share on other sites
If they can afford it! Sell your 3 bed semi in Solihull and what will it get you in London?

A few years ago Taylor Woodrow relocated their housebuilding operation to Solihull from Southall after acquiring Bryant homes very ironic that Taylor Wimpy will base its HQ in London. The really strange thing is that George Wimpey didn't have a large office inside London either their operational HQ was in High Wycombe, so why on earth rebase everything in central? London and pay silly office rents. I can only assume management has gone totally mad.

Share this post


Link to post
Share on other sites
A few years ago Taylor Woodrow relocated their housebuilding operation to Solihull from Southall after acquiring Bryant homes very ironic that Taylor Wimpy will base its HQ in London. The really strange thing is that George Wimpey didn't have a large office inside London either their operational HQ was in High Wycombe, so why on earth rebase everything in central? London and pay silly office rents. I can only assume management has gone totally mad.

Or, they live in London.

Share this post


Link to post
Share on other sites
This is incredibly foolish, margins in construction have always been very thin, and HQ staff form a very significant part of overheads. There is no sensible reason for a construction company to have it's main office in London.

The sensible thing to do would have been to keep the main office in Solihull where costs are cheap, and keep just a small 'Head Office' in London for shmoozing big clients.

I can only assume that Wimpey were in the driving seat of the merger, I predict big financial problems for the new group as the post HPC construction recession kicks in. They will have real problems competing with the other big contractors that have their main staff base outside the south-east.

Economises of scale, fixed overheads, process streamlining etc - makes sense to move HQ to the larger centre (London).

Share this post


Link to post
Share on other sites

http://uk.biz.yahoo.com/09072007/214/bovis...g-expected.html

Bovis Homes trading as expected
LONDON (ShareCast) -
Bovis Homes
said today that pre-tax profit growth is in line with group expectations as the housebuilder reported legally completed homes
down a touch
to 1,256 from 1,262 a year ago.
......./
"Looking ahead, the group has secured 2,282 cumulative reservations for the year as at 30 June 2007, as compared to 2,273 reservations at the same point last year," Bovis said Monday.
This reflects a recent
slowdown
in both visitor rates and in reservation rates.

Afordability is the great leveler in the end. Housing is simply too expensive now and credit is drying up. Not a good time to be holding any builder shares.

Edited by Realistbear

Share this post


Link to post
Share on other sites

I think he's pointing out the margins are far from thin. The price to knock a house up is just the same as it was 10 years ago. Wages have stayed the same and building materials are cheap as hell to these companys anyway.

Share this post


Link to post
Share on other sites

Odd - only yesterday, a plethora of Taylor Woodrow adverts appeared on the telly advertising places to buy in Spain. Maybe they're trying to cut costs now that this has gone down the toilet :rolleyes:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.