Bellway PLC, established in the year 1946, is a company engaged in building houses and residential properties in Newcastle, United Kingdom. Its operations are spread across 19 trading divisions in England, Scotland and Wales. Listed on the London Stock Exchange, the company belongs to Consumer Discretionary Product Industry and residential property construction sub-industry. The company builds one-room to six-room apartments, houses, penthouses, and residential properties.
The company initially started with William Leech its partner and constructed two, three-bedroom semi-detached apartments, houses, and terraced houses Currently, the company does not follow any particular type of design structure but rather experiments and develops local designs where the local people can assist them in the process. This ideology helps it attract more and more customers. The company has received a 5-star rating in Home Builders Federation new home customer satisfactory survey in 2015-16. In 2018, the company achieved the milestone of building 10,000 homes. Some of its prominent subsidiaries are Litrose Investments Limited, Bellway Homes Limited, Bellway Properties Limited, Victoria Doc Company Limited , Bellway Urban Renewals Ltd.
The company provides good mortgage finance and low interest rates and wants to provide buoyancy to the estate market. Bellway homes are uses high quality materials, workmanship, design process and provides 10-year warranty, which covers damage, land-related problems or any defects. In first two years, the company covers damage, removal of contaminated land, storage expense, alternative accommodation. Third year onwards to the tenth year, it will cover independent provider which would include chimney walls, glazing, stairs, ceiling maintenance.
In 2020, the company saw a slump due to Covid-19 Pandemic. The sales have fallen by more than two-third since lockdown was declared. Later, it announced to reduce its workforce.
But despite the uncertainty, the company has reported that it saw its order book swell to 5,889 homes as on 31 January, 2021, as against 4,598 units in 2020. The company said that the growth is due to the sops, like the three-month extension in the stamp duty holidays on the houses, have played a big role in the development.
Seaton Burn House Dudley Lane, Seaton Burn Newcastle Upon Tyne, NE13 6BE United Kingdom.