Persimmon PLC
LSE:PSN

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Persimmon PLC
LSE:PSN
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Price: 1 182 GBX -2.39% Market Closed
Market Cap: 3.8B GBX
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Persimmon PLC
Investor Relations

Persimmon PLC is a prominent player in the UK’s residential construction industry, deeply woven into the country’s architectural and economic fabric. Founded in 1972, the company has carved out a robust reputation as one of the leading housebuilding enterprises, focusing primarily on constructing homes for sale under various recognizable brands such as Persimmon Homes, Charles Church, and Westbury Partnerships. With a business model centered around volume building, Persimmon sources land, secures planning permission, and builds homes across a diverse range of styles and price points. This extensive process is aimed at catering to a broad demographic, from first-time buyers to those seeking larger, family-oriented dwellings, ensuring a steady flow of revenue despite economic fluctuations.

The company's financial engine is driven by a strategic approach to land acquisition and development, making it critical to Persimmon's profitability and sustainability. By securing land at competitive prices and maintaining a forward land bank, Persimmon has managed to keep construction costs per unit low while ensuring a steady pipeline of future projects. This, coupled with efficient supply chain management and cost-effective construction practices, allows the company to maintain attractive margins. Mortgage availability and government initiatives such as the Help to Buy scheme have been instrumental, enabling more consumers to purchase homes, thus driving up Persimmon's sales and profits. Through its strategic land investments and diversified product offerings, Persimmon continues to profit from both steady demand in the housing market and its ability to deliver homes efficiently, cementing its position as a cornerstone of the UK housing sector.

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Management

Mr. Dean Kendal Finch ACA, B.Sc, M.B.A
Group Chief Executive & Executive Director
No Bio Available
Mr. Duncan H. Davidson
Founder & Life President
No Bio Available
Mr. Andrew Duxbury
CFO & Executive Director
No Bio Available
Mr. Andrew Martyn Clark
Chief Commercial Officer
No Bio Available
Paul Hurst
UK Managing Director
No Bio Available
Mr. Andy Hill
Acting MD of the Cornwall & West Devon
No Bio Available
Ms. Tracy Lazelle Davison
Company Secretary
No Bio Available
Mike Smith
Group Financial Controller
No Bio Available

Contacts

Address
YORK
Fulford
Persimmon House
Contacts
+441904642199.0
www.persimmonhomes.com