SPRINGFIELD PROPERTIES PLC (LON:SPR)

Consumer

Springfield Properties PLC is a housing development company based in the United Kingdom, with a focus on the development of a combination of private and affordable housing in Scotland. It was founded in the year 1956, and its headquarters are situated in Elgin, United Kingdom. The company is listed and traded on the Alternative Investment Market (AIM) of the London Stock Exchange, and it complies with the UK City Code on Takeovers and Mergers.

Across Central, West and the North of Scotland, the company offers private housing on developments in various sizes, under its Springfield, Dawn Homes and Walker Group brands. This comprises of standalone Village developments, which have around 3,000 plots each, along with the infrastructure as well as facilities that are required for the establishment of the village communities. The main focus of the company is to source land for private housing in the locations which show potential for high growth and development, as well as using a well-defined planning process to progress those developments. Affordable housing is developed by the company by working in collaboration with housing associations, local authorities, or other public bodies. This can be either on standalone developments that comprise of just affordable houses, or along with private housing under Section 75 agreements with local authorities. Sigma PRS Management Ltd has collaborated with the company for taking over and developing the sites in Scotland with housing for the private rented sector. Various Springfield sites, especially Springfield villages, have the capability for PRS development. The land is taken over by Sigma, and a fixed-cost design and build contract is awarded to Springfield, which Sigma will maintain under its ‘Simple Life’ brand.

Springfield Properties PLC follows a well-defined framework of corporate governance and aligns itself with the Quoted Companies Alliance (QCA) Corporate Governance Code. The board of the company has set up separate committees for audit, remuneration, and nomination. It has an ethical code of conduct for running its business operations and promotes a culture of trust, transparency, and accountability. Apart from fulfilling all its corporate responsibilities, the company also fulfils its environmental and social responsibilities. It has a comprehensive Corporate Social Responsibility (CSR) framework in place and complies with international best practices and guidelines to create a sustainable business. It aims to minimize the impact of its business activities on the environment and create long-term value for the business as well as the wider community.

Contact Information

company address Springfield Properties PLC Alexander Fleming House 8 Southfield Drive ELGIN IV30 6GR United Kingdom GBR

company phone+44 134 355 2550

company websitehttps://www.springfield.co.uk/

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