Crest Nicholson

This housebuilder focuses on environmentally sustainable construction across southern Britain. It has also worked on urban regeneration projects including the redevelopment of Gloucester’s historic docks, and builds social housing for local authorities. Bank of Scotland Corporate and West Coast Capital are the company’s principal shareholders after delisting it last year. Sales were £677m in 2007 under chief executive Stephen Stone, though the company is now facing tough trading conditions as the housing market turns down. The Pearce Group, a former subsidiary of Crest Nicholson, was recently among 112 builders named in a price-fixing investigation by the Office of Fair Trading.

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Company details
CompanyCrest Nicholson
Sales £m677
Profit £m103
Year endOct 07
Principal shareholdersBank of Scotland Corporate (45.5%), West Coast Capital (45.5%), other investors (9%)

If applicable:

* Supplied by company † Annualised figure