Assignment 1 Draft

Step 1

I have set up my personal profile on Moodle on which I have left this link to my blog. http://laramathews.blogspot.com.au/

Step 2

Company Given: Barrett Developments

About Barratt Developments

Barrett Developments have been building homes for more than 50 years. In that time we have grown to become one of the nation's largest housebuilders with more than 5,000 direct employees and 27 divisions throughout Britain.

They build developments nationwide, from Aberdeen to Plymouth, helping to meet housing demand in towns, cities and rural areas. We provide high quality, value for money homes for all market sectors, plus homes for rent and shared ownership, and are leaders in brownfield development and urban regeneration.

They operate two strong national brands for house building – Barratt Homes and David Wilson Homes. In London we operate as Barratt London and in Kent and the South East we also have a strong regional brand – Ward Homes.

Their commercial property development business, Wilson Bowden Developments, is focused on retail, leisure, office, industrial and mixed-use schemes.

  

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Step 3

Step 3 involves you inputting your company’s financial statements into your spreadsheet.

Step 4

Ideas, Reflections and Reactions

Chapter 1: Has not been recorded electronically.

Chapter 3: Has not been recorded electronically.

History of Barratt Developments

1958: Sir Lawrie Barratt establishes the company. Sir Lawrie Barratt builds Britain's very first Barratt home on the outskirts of Newcastle-upon-Tyne.  The four-bedroom detached house cost £1,750 and led to the formation of the first Barratt Company.

1968: The Company is listed on the London Stock Exchange.

1972 onwards: A programme of rapid expansion is launched through a series of acquisitions and the creation of new companies.  The first moves were into Yorkshire, the North West and Scotland, followed by expansion into the Midlands and South.

1978: Barratt is the first housebuilder to use TV advertising.

1980: Subsidiary Barratt American Inc. is established. 

1981: Barratt launches the Studio Solo – Britain's first fully-furnished, fully-fitted and fully-decorated mortgage able one-person home.

1982: Sales surpass £300 million and the company builds over 1,000 units more than its closest competitor. Barratt becomes the only consistently active developer in the redevelopment of London Docklands.

1983: Barratt's project to regenerate the Toxteth estate in Liverpool becomes the first project of its kind in the UK.

1991: The Company reports losses during an industry downturn; Sir Lawrie Barratt comes out of retirement to take over as chairman.

1997: Barratt retires and Frank Eaton is named his successor.

2002: Chairman and CEO Frank Eaton dies in a traffic accident; David Pretty is named CEO and Charles Toner becomes chairman.

2007: Barratt Homes acquires Wilson Bowden PLC, including Ward Homes and Wilson Bowden Developments.

Welcome! First week of official classes has started, friends are being made and the excitement to start University is here.

I look forward to meeting and getting to know more and more people on my journey to achieve a Bachelor of Business.