Annual Report and Accounts 2011

Business overview

Taylor Wimpey is one of the largest residential developers in the UK with national coverage from 24 regional offices.

Our regional operations

We operate as a network of local businesses, supported by a Head Office in High Wycombe.

North

Our North Division covers Scotland, the North East, the North West and the West Midlands.

Completions

Chart displaying completions in regions in the North of England in percentages
  • Total Completions 2011: 4,005 (2010: 3,889)

Average selling price

Graph displaying the Average selling price in hundred thousand pounds

South

Our South Division incorporates our businesses in the East, South East, South West and South Wales.

Completions

Chart displaying completions in regions in the South England in percentages
  • Total Completions 2011: 6,175 (2010: 6,073)

Average selling price

Graph displaying the Average selling price in hundred thousand pounds
Map of UK housing in popular locations

UK Housing

Completions
10,180

Average selling price
£171k

Image showing a house

Cooks Shipyard, Wivenhoe, Essex
 

Overview

  • We build a wide range of homes in the UK, from one bedroom apartments to five bedroom houses, with prices ranging from below £100,000 to above £500,000.
  • In addition, we build affordable housing across the UK, which represented 20% of our 2011 completions.
  • We aim to deliver aspirational homes for our customers that are efficient to build.

Average sales outlets (sites)
305

Short term landbank
65,264 plots

Image showing a house

Parklands, Woburn Sands, Buckinghamshire

Market conditions

  • Despite the ongoing uncertainty in the wider economy, the numbers of both visitors and reservations were above those in 2010.
  • Market sales prices remain broadly flat.
  • Mortgage availability remains constrained, although we saw further incremental improvement over the course of 2011.

Proportion of continuing Group revenue
98.4%

 

Image showing a house

The Wickets, Rotherham, Yorkshire
 

Priorities

  • Ongoing focus on both short and long term margin performance ahead of volume growth.
  • Delivering planning and adding value to our existing land assets.
  • Adding new sites to our land portfolio.

Spain Housing

Map of spain

We build high quality homes in popular locations.

Overview

  • We have operations on the Costa Blanca, Costa del Sol and the island of Mallorca.
  • We build high quality homes that appeal to both foreign and Spanish buyers.

Proportion of continuing
Group revenue
1.6%

© Taylor Wimpey plc 2012