Rushbond Explained

Rushbond plc
Type:Public limited company
Industry:Real estate
Founder:Jonathan W Maud
Hq Location:Hawthorn Park
Hq Location City:Leeds, West Yorkshire
Hq Location Country:England
Revenue: £6,730,021
Revenue Year:2019
Operating Income: £6,564,942
Income Year:2019
Profit:-->
Profit Year:-->
Assets: £135,646,163
Assets Year:2019
Owner:Jonathan W Maud (100%)
Num Employees:19
Num Employees Year:2019
Footnotes:[1]

Rushbond plc is an unlisted commercial and residential property development and investment company in the United Kingdom. It was founded in Leeds, West Yorkshire in 1986 by Jonathan W Maud and exclusively operates around the Leeds City Region, into which it invested £14.3million in 2019.[2] The company, though specialising in the conversion and redevelopment of listed heritage buildings, also engages in the construction of new-build property and acquisitions.

Rushbond is the owner of a number of landmark buildings within Leeds, including the Corn Exchange, Majestic Cinema, and First White Cloth Hall, as well as Bretton Hall, Wakefield, St Leonard's Place, York and Centenary Square, Bradford. Considered within the industry to have a focus on creativity and design quality, Rushbond also involves itself in corporate social responsibility supporting a variety of community initiatives, partnering particularly with Meanwood Valley Urban Farm, and contributes to public art, funding projects such as Ian Randall's Steeped Vessels (2006) at Brewery Wharf, and Tim Etchells's neon artwork Where the Heart Is (2014), located on the Algernon Firth student residential building.[3] [4]

History

The entrepreneur Jonathan Maud incorporated the company on 8 July 1986 and remains its managing director and sole owner.[2] Maud appeared in the 2009 Sunday Times Rich List ranked at #1,771 (#1,794 in 2008) with a worth of £30M (£40M in 2008),[5] and was named at 82nd in the Yorkshire Rich List in 2017, with wealth risen to £67M.[6]

In 2014, Rushbond established an arts scholarship programme with Leeds Beckett University, known as the Rushbond Arts Scholarship. It is donated annually to School of Art, Architecture and Design undergraduates to support their early careers.[7] [8]

One of Rushbond's buildings, the former Majestic Cinema on City Square, gained prominence after being gutted during a large fire in September 2014, just after the completion of works to restore and convert it into mixed leisure and retail use.[9] A scheme to construct a new interior of high-quality office space and additional floors began in 2018, with the building becoming the new national headquarters of Channel 4 in 2021.[10]

Another focus of investment is the eastern side of Leeds city centre, with plans for the revitalisation of Kirkgate, Leeds's oldest street, resulting in the complete reconstruction of the Grade II* listed First White Cloth Hall, as well as ownership of Cuthbert Brodrick's 1863 Corn Exchange as a retail destination and New York House near Kirkgate Market.

Property portfolio

This gallery is not an exhaustive list of properties owned

Notes and References

  1. Web site: RUSHBOND PLC company key information . uk.globaldatabase.com . Global Database Ltd . 20 September 2020.
  2. Web site: Group of companies' accounts made up to 30 November 2019 . . 21 September 2020 . 27 May 2020.
  3. Web site: Leeds Corn Exchange – Entrance Lobby Lighting Commission . CuratorSpace . https://web.archive.org/web/20200921004702/https://www.curatorspace.com/opportunities/detail/leeds-corn-exchange--entrance-lobby-lighting-commission/2319 . 21 September 2020 . 31 May 2018.
  4. News: Everett . Steve . New Public Art Work For Leeds Shines A Light On New Student Residence . 21 September 2020 . Yorkshire Business Daily . 24 July 2014.
  5. News: Jonathan Maud . 21 September 2020 . . 26 April 2009.
  6. News: Hammond . Joshua . Second half of Yorkshire rich list unveiled . 21 September 2020 . Insider Media . 19 October 2017.
  7. Web site: Williams . Julia . Leeds Beckett students awarded The Rushbond Art Scholarship . . https://web.archive.org/web/20200921012147/https://www.leedsbeckett.ac.uk/news/2015/04/0415-rushbond/ . 21 September 2020 . 23 April 2015.
  8. News: Mortimer . Emma . Talented design students can have a seat in one of the city’s most historic buildings . 21 September 2020 . Bdaily News . 26 March 2018.
  9. News: Hudson . Neil . 1 October 2014 . Leeds Majestyk fire: ‘Glorious dome’ lost forever says heritage chief . https://web.archive.org/web/20200914004220/https://www.yorkshireeveningpost.co.uk/news/leeds-majestyk-fire-glorious-dome-lost-forever-says-heritage-chief-1833544 . 14 September 2020 . Yorkshire Evening Post . Leeds . 5 January 2019 .
  10. News: Channel 4 set to move into Majestic cinema in Leeds . 14 September 2020 . . 1 April 2019 . 11 May 2019 . https://web.archive.org/web/20190511134736/https://www.bbc.co.uk/news/uk-england-leeds-47779148 . live .