Fresh from completing its 100,000th new home, Redrow has been named Housebuilder of the Year at the 2018 Building Awards.
Organised by leading trade title, Building magazine, the awards are the construction industry’s longest running and most prestigious recognition of excellence, allowing companies across all aspects of building to have their achievements held up as an example to the sector.
Hosted by Welsh comedian Rob Brydon, the ceremony was held at the Grosvenor House hotel in London and was attended by more than 1,200 guests from the UK’s leading construction firms.
Redrow’s award was collected by Group sales and marketing director Dave Bexon, who said later:
“Although shortlisted every year since, the last time we collected this particular trophy was in 2014. It’s fitting that it has returned to Redrow in a year that has seen us complete our 100,000th new home and announce record turnover of £1.92 billion and pre-tax profits of £380 million.
“It’s also a great tribute to our chairman and founder Steve Morgan in the week that has seen him announce his planned retirement from the business in March 2019.”
Redrow beat off stiff competition from its peers, including Berkeley Group, Avant, Miller Homes and Churchill Retirement Living to take the best housebuilder trophy.
Judges said they were impressed with the company’s record on training and sustainability, noting that 92% of materials are sourced locally. They also made special mention of Steve Morgan and the impact he has had on turning the business around in the decade since the global financial crisis.
In 2018, Redrow expects to build more than 6,000 homes in a calendar year for the first time ever and the business has forecast annual turnover of £2.2bn by 2020 and pre-tax profits projected to hit circa £430m.
Over 50% of Redrow’s directors have come from internal promotions and more than 15% of employees are on structured training programmes, including apprenticeships and graduate training schemes. Redrow has been a Top 100 Apprenticeship Employer for five consecutive years.