Laing Homes. Integration and future strategy. David Livingstone. Disclaimer.
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Integration and future strategy
This presentation is being made only to and is directed at (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the "Order") or (b) any other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1)of the Order (all such persons being referred to as "relevant persons").
Any person who is not a relevant person should not act or rely on this presentation or any of its comments.
The financial information set out in this document does not constitute the Company's statutory accounts. Statutory accounts for 2003, which received an auditors' report that was unqualified and did not contain any statement concerning accounting records or failure to obtain necessary information and explanations, have been filed with the Registrar of Companies.
November 2002 Acquired by GWUK Paul Healey appointed DMD at MK
January – Dec 2003 Six regions contributing to overall business
January 2003 Laing introduced to procurement processes Benchmarking introduced
March 2003 MK overhead reduced
June 2003 PQA introduced EDG devolved into regions
December 2003 975 PD units delivered to profit
January 2004 Six regions reduced to five: North Thames South East Thames South West Thames Thames Valley Midlands
March 2004 Paul Healey retires
April 2004 David Livingstone becomes DMD – joined George Wimpey in 1973 Confirmation of price points to remove high end exposure
July 2004 Laing HQ closure announced
September 2004 Full integration of bench marking and best practice
Types Price Point
5 Bedroom £740,000
4 Bedroom £600,000
3 & 4 Bedroom £450,000
3 Bedroom £350,000
3 Bedroom £295,000