Morris Homes

Founded in 1964, Morris Homes was a family-controlled housebuilder until the late 1980s. After a management buyout in 1990, the company broadened its range of properties and grew into one of northwest England’s largest private housebuilders. In 1998, a second management buyout led by Mike Gaskell resulted in 3i investing £10.6m and replacing all the original investors except Quayle Munro. With support from Bank of Scotland, the firm acquired Allen’s housebuilding division for £24m in 2000, helping it to expand into the East and West Midlands. As a result, profits have grown 47% a year from £4.2m in 1999 to £13.4m in 2002.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyMorris Homes
Annual profit growth46.93%
Latest profits £000s13,386
Latest sales £000s101,929

If applicable:

* supplied by company † annualised figure