William Leech PLC explained

William Leech PLC
Fate:Acquired
Foundation:1934
Defunct:1985
Location:Tyneside
Industry:Housebuilding
Key People:Sir William Leech (Chairman and founder)

William Leech PLC was a major Tyneside housebuilder.

History

The company was established by William Leech, a former window cleaner in 1934[1] as William Leech (Builders) Ltd.[2] It bought very large landholdings in the Cramlington area[3] and was first listed on the London Stock Exchange in 1976 when its name was changed to William Leech PLC.[2] It achieved an output of 2,500 units in 1979.[4] It announced a merger with Bellway in 1981 but this was called off within days: "the lifestyle of the two firms looked pretty incompatible".[5] The company was then acquired by Beazer in 1985.[2]

Sources

Notes and References

  1. Web site: William Leech - Builder. BBC. 7 October 2012.
  2. Web site: The William Leech Foundation Limited - The Foundation Trust. 7 October 2012.
  3. Cullingworth, p. 240
  4. Ball, p. 60
  5. Building, June 1981