Profit Track 100

Bowey Group was once a general builder, but a management buyout of the company’s construction arm in 2002 allowed it to focus on the more profitable housing business. Trading mainly as Bowey Homes, the firm is a third-generation family business, which also runs small electrical contracting and facilities management operations. The Gateshead firm is taking advantage of the property boom by building larger and higher-margin homes in northeast England. Its profits have grown 52% a year from £1.5m in 2001 to £5.3m in 2004, despite a fall in sales after the buyout

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Company details
Year2005
Rank72
CompanyBowey Group
ActivityHousebuilder
LocationGateshead
Annual profit growth52.11%
Latest profits £000s5,308
Latest sales £000s30,327
Staff189
Founded1946
Websitewww.boweyhomes.co.uk

If applicable:

* supplied by company † annualised figure