Place 100, 2009: 16 to 30
In association with Halliwells and Roland Dransfield PR
Contents
►Place 100, 2009: 1 to 15
►Place 100, 2009: 31 to 100 A-E
►Place 100, 2009: 31 to 100 F-L
►Place 100, 2009: 31 to 100 M-Z
16. John Cosgrave / Managing Director /
Arley Homes / House-building / Warrington.
Cosgrave on 2010: "Although we have built our reputation on small, high quality projects, we believe the time is right to scale up and develop larger schemes, bringing even more choice to buyers across the region. We are also looking to expand out from Greater Manchester into new geographical areas, hence our latest planning application is for a site in Lancashire."
17. Steve Swainson / Director / Pugh & Co / Auctioneer / Preston. Auctions suit recessions. The flexibility of the auction room in finding a price, allied with the no-nonsense immediacy of forming a contract when the gavel goes down, makes them irresistible to buyer and seller alike. The biggest auction house in the North holds 14 big sales in Leeds and Manchester each year, with an average of between 150 and 200 lots a time. Pugh & Co raised in excess of £75m for clients in 2009. The strength of the business is long-term agreements with corporate clients such as Lloyds Banking Group, Network Rail, British Waterways and 25 local authorities, handling disposals of surplus stock.
Founder Roy Pugh retired a couple of years ago. Swainson joined the firm in 1995, four years after it was established, leaving Liverpool-based Mason Owen (qv) to do so and now runs Pugh & Co with fellow director Paul Thompson. The company employs 15 staff.
18. Mike Gaskell / Managing Director / Morris Homes / House-building / Wilmslow. Publicity-shy former accountant turned exceptionally successful builder. Left the profession to join Morris Homes as financial controller and steadily rose to become the boss. Led a £175m management buyout in 2004 but has since bought the VCs out. One of the few house-builders, along with fellow NW independent Arley (qv), that has stayed on course through the recession, helped in part by the company's social and affordable housing division. Morris, with circa £250m in sales, is one of the country's largest privately owned house builders.
19. David Russell / Chairman / Property
Alliance Group / Development / Trafford
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21. Andrew Tinkler / Chief Executive
Officer / Stobart / Logistics / Warrington, Carlisle,
Widnes...
After eventually getting planning permission for the Carlisle Airport expansion, to be anchored by Stobart freight but with passenger traffic anticipated, the project is being costed before a start on site.
22. Ken Knott / Chief Executive / Ask Developments / Manchester. Liquidity issues made for a challenging year for this influential figure. Led an MBO in July backed by the Co-operative Bank (qv), which saw the exit of 25% shareholder Morgan Stanley. What level of equity he now owns is unclear. Knott has been behind several of the region's most ambitious schemes in recent years and, just to remind the market, two of the year's biggest deals - Manchester City Council at First Street and Greater Manchester Police's new 250,000 sq ft headquarters at Central Park - were secured. Ended the year in advanced talks with a hotel operator at First Street and raising £12m from a sale to Bury Council to keep going with Knowsley Place.
Knott on 2009: "I remember 2009 as being an annus horribilis where in the wake of the global financial crisis the market went into freefall; with us all left wondering if the parachutes would work! The turning point was when, with much relief, the parachutes did indeed work and we concluded our refinancing."
23. Peter Jones / Chairman / Emerson Developments (Holdings) / Alderley Edge. According to one national rich list ranking, it's been a tough year for Jones with his net worth dropping by £139m...to a mere £556m. In context however, the group remains one of the UK's most successful privately-owned property companies and has emerged from the recession in robust shape with a declared appetite to acquire, primarily residential house builders. The former joiner has also announced a shift from his hitherto Portuguese investment focus to Benelux and Germany. Orbit is known for its aggressive marketing of secondary office locations especially in South Manchester and Bolton, where the massive Middlebrook dominates the market. Made a slight loss this year due to currency fluctuations affecting investments but continues to produce lettings in the 200-plus buildings in its mixed-use portfolio.
24. Trevor Hemmings / Chairman /
Northern Trust Group / Development and Investment /
Chorley
His Leisure Parcs investment in Blackpool's finest assets may however be drawing to a close as the council seeks to acquire them and invest some long-over due TLC.
25. Alan Murphy / Owner / Nikal Investments / Development / Manchester. Nikal, co-owned with managing director Nick Payne, claims a current development portfolio of around £600m spread across the UK. The company has also been developing pension qualifying commercial property investments through its brand MyBuro. Teamed up with the US private equity firm, The Carlyle Group, to redevelop an 8.42 acre site in Salford Quays. In the final three bidders for the new Altrincham General hospital, which would underwite the Altair scheme. Murphy, whose net worth is believed to be around £180m, made his first fortune selling AM Paper, a pioneer in own-label toilet tissue manufacture for supermarkets, based in Skelmersdale.
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27. David and Karen Gladman / Partners / Gladman Group / Development / Congleton. Consistent and sensible were words the Place 100 judges used when describing the Cheshire developers. The couple display a lower profile than many self-made developers who have nothing like their £47m net wealth, according to EG Rich List 2009. Sold 4m sq ft of vacant warehouses and undeveloped sites to Rockpoint for £180m before the recession. In November this year let a 360,000 sq ft warehouse in Runcorn to Stobart and quickly sold it on to Scottish Widows Investment Partnership for a reputed £20m.
Have become increasingly active in Scotland and the North East in recent years, as well as launching into new markets such as the retirement homes division Adlington. The mainstay is industrial sheds and out-of-town office complexes.
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Simpson on 2009: "Whilst it's been a very difficult year with many projects on hold, the practice has been successful in maintaining its core team in both London and Manchester and is well placed to respond to any upturn. There is also our first international project - the result of an architectural competition - which will hopefully be announced in our favour before the end of the year."
29. Steve Byrne / Regional Director / BAM Construction / Salford. One of the best-performing contractors in the region in 2009 with a hatful of big wins to its credit. The company is part of the €8bn turnover Royal BAM Group, which will help it meet the exceptional demands set by the Co-Operative Group for the new 325,000 sq ft head office which starts on site next year. As well as landing the Co-op build, BAM is developing a suite of large offices at BAe Systems' Salmesbury site in Lancashire.
BAM has a strong hand in the region's education market, currently on site at Culcheth High School, South and West Cheshire Colleges, Bolton's Community and Sixth Form Colleges, Skelmersdale and Ormskirk College, the University of Central Lancashire and Liverpool Community College.
In Liverpool, the BAM team is at work on the £135m Mann Island development for Neptune (qv) and Countryside (qv). BAM's property development business has also developed St Peter's Square in Stockport and The Metro Building in Manchester.
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