Home Private Equity Private equity-backed housebuilder celebrates year of growth

Private equity-backed housebuilder celebrates year of growth

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Derbyshire house builder, Woodall Homes, is marking a year of growth, just 18 months on from securing investment from investor BGF.

Woodall Group received a £4.25m investment from BGF across 2020 and 2021 aimed at delivering more homes in the East Midlands and creating jobs.

In the last 12 months, Woodall Homes has grown its workforce and appointed a number of new starters, including directors in its planning department, Chris Dwan, and Darren Abbott, a technical manager Mark Sweet and a HR manager, Helen Day.

The firm has also started building on four new sites in Mansfield, Clay Cross, Matlock and Bolsover and recently launched a 45-home development in Calow, Chesterfield, called Churchfields. Woodall says it is on track to develop “well over” 100 new houses in this coming financial year, which will signal a doubling of the size of the business since BGF’s investment.

Dave Wood, founder and managing director at Woodall Group, said: “The achievements of the last 12 months have perfectly aligned with the vision we set out as a group when embarking on our investment journey with BGF.

“To be able to deliver on our goals, creating exciting job opportunities in the region, as well as helping to meet the demand for high quality, sustainably-built homes, is hugely satisfying and lays the perfect foundation for our longer-term growth plan.”

Aaron Baker is an investor at BGF and sits on the Woodall Group board. He said: “Woodall Homes has built a strong reputation in the region in the last decade and has expertly navigated the challenges that have arisen over the course of the last two years, as construction and real estate has felt the pinch of the Covid-19 pandemic, skills shortages exacerbated by Brexit, and the inevitable disruption to the supply chain. However, the market opportunity has endured, with a structural shortage of homes in the UK still an issue.

“To remain committed to building its land bank and accelerating development activity is testament to the strength and depth of the business and the management team. We’re excited about what the next few years have in store and the potential that exists in the residential development market.”

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