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Bewley Homes successfully raises an additional £55 million of funding

25 Oct 2017

Bewley Homes has successfully raised an additional £55 million of funding from Lloyds Bank Commercial Banking, to further support the growth of its rapidly expanding business. 

Bewley Homes has become a major contributor to the housing supply within the areas in which it operates and, under the leadership of Managing Director Andrew Brooks, has seen significant growth over the past five years with turnover up from £20 million in 2012 to £120 million in 2017.   

Andrew comments: “Against the current economic and political backdrop and the urgent need to deliver new housing, this additional funding will further support our business through the acquisition and development of land, helping to fulfil the need for housing in the areas in which we operate.”

Nicola Haigh, Regional Director, Thames Valley and South East for Lloyds Bank Commercial Banking, comments: “Bewley Homes is renowned for its quality and its property portfolio in prime locations.

“It has seen sustained growth over the years, in line with the increasing demand for high quality homes across the South East, and organisations like this are key to the growth and success of the region’s housing market.

“The support we have given signals our confidence in the team and our willingness to finance an integral sector to the UK economy, as part of our wider commitment to help Britain prosper.”

KPMG Debt Advisory advised Bewley Homes in respect of the financing.

John Miesner, Director at KPMG Debt Advisory, adds: “This financing arrangement will provide Bewley Homes with increased capacity to fulfil the continued demand for new housing in the South East and will assist the team in capitalising on the substantial opportunities available to drive the growth of the business.”