Bewley Homes plc announces management succession

Bewley Homes plc has promoted Andrew Brooks to managing director, with Colin Brooks remaining as non-executive Chairman.

Bewley is a leading house builder, designing up market homes in the South East, with a particular strength in Hampshire, Berkshire, Surrey and Oxfordshire. Turnover for the year to 30 June 2012 grew to £60 million and Bewley has the funding and land pipeline to grow to £100 million over the next few years.

Commenting on the promotion John Hudson said “Andrew has been a director at Bewley since 2006 and this promotion is testament to the exceptional job he has done building the land pipeline since the MBO in 2008”.

Andrew Brooks said “with a strong land bank and the financial backing and support of Spring Ventures, we have great confidence in our team’s ability to develop Bewley into a substantial residential developer over the next few years”.

For further information, please contact:

John Hudson

john.hudson@springventures.co.uk

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