Company Profile For Barratt Developments PLC

Barratt Developments PLC is a United Kingdom-based homebuilding company. The Company’s principal activities include acquiring and developing land, planning, designing and constructing residential property developments and selling the homes it builds. The Company’s homebuilding business trades under the Barratt Homes, David Wilson Homes and Ward Homes brands. The Company operates in two business segments: homebuilding and commercial developments. The Company’s subsidiaries include BDW Trading Limited, BDW East Scotland Limited, KingsOak Homes Limited, David Wilson Homes Limited and Wilson Bowden Developments Limited. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company sold over 13,200 homes and 590,000 square feet of commercial property. On July 1, 2008, the Company completed the acquisition of Hawkstone (South West) Limited. The Company is the holding company of the Barratt Group of companies.

BRIEF: For the fiscal year ended 30 June 2009, Barratt Developments Plc's revenues decreased 36% to £2.29B. Net loss totaled £468.6M, vs. a profit of £86.4M. Revenues reflect a decrease in income from house building. Net loss also reflects an increase in finance costs, higher share of post tax loss from joint ventures, an increase in exceptional expenses and a decrease in operating & gross margins.