Taylor Wimpey sheds construction businesses

UK-based housebuilding company Taylor Wimpey has sold its construction businesses in Ghana, West Africa, comprising Taysec Construction and Taylor Woodrow of Ghana to existing management for a nominal fee.

After the disposal of Taylor Wimpey’s UK construction operations (Taylor Woodrow Construction) to VINCI in September 2008, the disposal of Taysec and Taylor Woodrow of Ghana completes Taylor Wimpey’s exit from construction activities, and is in keeping with the company’s strategy of focusing on its core housebuilding activities.

In the six months to 30 June 2008, Taylor Wimpey’s construction business reported an increase in revenue of 24 per cent to £345.8 million, with an operating profit of £900,000.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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