Leicestershire housebuilder, Westleigh Group, provides the total package from project concept to completion. They create quality homes and buildings for sale to private owners, institutions, industrial and commercial clients and are one of the top five developers of affordable housing in the UK.
Established in 1985 by husband and wife Chris and Judy Beighton, Westleigh has built up a reputation over the years across Central and Northern England, working with housing associations and councils to build affordable housing developments.
With a turnover of £146.1m, in the year to 31 March 2018 the business has built more than 1,100 homes, held a land bank of almost 5,000 plots and held gross assets of over £76m.
Our team first worked with Westleigh in 2016 when we advised on a £21m investment in the housebuilder by Palatine Private Equity, an investment which revitalised the company, leading to a 35% increase on results from the previous year.
Following on from this, in April 2018 we advised on the sale of Westleigh for £135.4m to Essex-based Countryside Properties, a listed UK homebuilder, specialising in place making and urban regeneration. The buyer felt that combining Westleigh’s regional expertise with the Countryside mixed tenure business model would lead to huge opportunities for growth in line with Countryside’s strategy to expand its partnerships business, which works with local authorities and housing associations to deliver affordable homes.