Westleigh Partnerships has scooped a major prize at a regional industry awards ceremony.
The Leicestershire-based developer, which has a range of developments across the Midlands and Yorkshire, was named best Large Company Management Team at this year’s BVCA Midlands Management Team Awards at Birmingham Town Hall.
Comprised of nine industry experts, the judging panel commended the attractive and distinctive nature of Westleigh as a business, which allows it to stand out from its competitors in the sector, as well as its skilled delivery of specific projects, authentic leadership, and overall growth.
The Large Company Management Team category is defined as a company with an appropriate enterprise value that was above £100m in 2017, as evidenced at the time of investment, or in the opinion of the judges.
Westleigh was backed for the award by private equity firm Palatine Private Equity, with which it agreed a £21m investment deal in 2016 as a means of securing its continued future growth.
The company then reported an annual turnover of £128.6m in 2017, demonstrating a 35% increase over results from the previous year.
Also in 2017, Westleigh was granted more than £48m of Homes England funding to build almost 1,600 homes across the East and West Midlands, Yorkshire and Cambridgeshire.
This growth has allowed the business to expand its area of operations beyond the East Midlands, opening brand new offices in both the West Midlands and Yorkshire, and it now employs around 400 people.
Last month, Westleigh was acquired by leading national housebuilder Countryside Properties, which specialises in place making and urban regeneration, in a deal worth £135m that will pave the way for further growth.
Ian Jones, Managing Director of Westleigh, said: “We are delighted and honoured to receive this award.
“Not only does it reward the genuine quality of our management, it also marks the hard work and dedication that we put into each and every project we are involved with.
“I would like to thank the panel for recognising our fantastic achievements, and everyone at Westleigh for helping to make the business the success that it is today.”
Now in its tenth year, the BVCA Management Team Awards are produced in association with Grant Thornton UK LLP to celebrate businesses around the country that are backed by private equity and venture capital.
Alex Hyde, Director at Grant Thornton, commented: “Westleigh is a superb example of how a strong management team with vision and drive, backed and supported by private equity investment, can achieve great things.”
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