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2016SHANLY GROUP
S U M M A R Y
£206 MILLION TURNOVER
190 EMPLOYEES
1,200 +
COMMERCIAL TENANTS IN THE ESTATES PORTFOLIO
20 AVERAGE NUMBER OF RESIDENTIAL SELLING SITES PER MONTH
OVER 600 APPLICATIONS FOR FUNDING RECEIVED ANNUALLY BY THE SHANLY FOUNDATION
CONTENTS
2016 IN BRIEF
PAGE
CHAIRMAN’S STATEMENT 3
AREA OF OPERATIONS 4
GROUP PROFILE 5
STRATEGY AND AIMS 7
SHARED OWNERSHIP HOMES 8
OUR COMMITMENT 9
MAIN DIRECTORS 10
SHANLY FOUNDATION 11
Published: August 2017
2 The Shanly Group | Summary 2016
CHAIRMAN’S STATEMENTCHAIRMAN: MICHAEL SHANLY
Welcome to the Shanly Group 2016 Summary. Both the residential and
commercial divisions made further progress in 2016 with overall group
turnover rising by 11% to £206m. This represented sound progress in
markets that were generally receptive in terms of demand even if the
residential operations were sometimes hampered by supply chain
shortages, construction and planning delays. The commercial portfolio
continued to register steady growth augmented by selective
acquisitions. Our balance sheet remains strong, suggesting the Group
remains well placed to fund its growth over the foreseeable future.
Whilst underlying fundamentals in the housing market continue to
appear attractive, we are conscious that operating conditions remain heavily
influenced by unusually low borrowing rates and subsidised demand, factors
that may not be sustainable over the longer term. Along with the Brexit
uncertainties and generally lower levels of consumer confidence, we
anticipate somewhat less favourable residential market conditions over
the next year or so.
In commercial markets, conditions will remain testing, with yields
influenced by the weight of investment funds seeking relatively attractive
income, tempered by uncertain tenant demand. The retail sector remains
highly competitive and our portfolio will respond, where necessary, to the
changing demands of the high street.
As a flexible, well-established and entrepreneurial business, we remain
well placed to manage the business through any potentially challenging
markets and times.
I very much appreciate the commitment from our employees and thank them
for their dedication and hard work. It is also noteworthy that again the Shanly
Foundation has been able to offer support to a large number of good causes.
I look forward to the future and thank all stakeholders, contractors,
suppliers and partners for their continuing support.
3The Shanly Group | Summary 2016
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Bishop’sStortford
Chelmsford
Cheshunt
Hertford
BuckhurstHill
Potters Bar
St Albans
Dunstable
Amersham
High WycombeBeaconsfield
Heathrow
Gatwick
Leatherhead
Guildford
Basingstoke
Marlow
Uxbridge
Isleworth
Twickenham
Cobham
Reigate
LutonLeighton Buzzard
HemelHempstead
WelwynGarden City
LetchworthGarden City
Sutton
Watford Bushey
Mill Hill
Barnet
Finchley
Ruislip Harrow
Ealing
Kingsbury
Bracknell
Windsor
Fleet
Esher
Farnborough
Aldershot
Woking
Camberley
Cranleigh
Ascot
Crawley
Horsham
RIVERTHAMES
LONDON
East Grinstead
Chertsey
Henley-on-Thames
Princes Risborough
Godalming
Gerrards Cross
Enfield
Hatfield
West Byfleet
ClaphamBattersea
Wandsworth
Kilburn
Hitchin
Maidenhead
Oxted
SevenoaksDorking
BromleyEghamBeckenham
Cookham
HaywardsHeath
Walton-on-Thames
Kingswood
EpsomDowns
Aylesbury
Oxford
Marston
Newbury
Bicester
Buckingham
Thame
Brackley
Didcot
Winslow
Bramley
Abingdon
Stokenchurch
Reading
Kingsclere
Petersfield Petworth
Haslemere
BeareGreen
Farnham
Alton
Winchester
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9
AREA OF OPERATIONS
Shanly Homes, Sorbon Estates and other companies within the Group operate in and around
the M25, the Thames Valley and Greater London, extending to Berkshire, Buckinghamshire,
Surrey, Sussex, Oxfordshire, Hertfordshire, Hampshire, Essex and Kent.
The Shanly Group | Summary 20164
GROUP PROFILE
The privately owned Shanly Group of companies was founded by
Michael Shanly in 1969. It operates in property markets and consists
of two main divisions, residential property development and commercial
property investment. Based in Beaconsfield, Buckinghamshire and
Leatherhead, Surrey, the main areas of operations are in the South East
of England and the Thames Valley. The Shanly Foundation has its
origins in the founder’s desire to help those in society that are less
well placed through no fault of their own.
Shanly Homes: is an award-winning regional housebuilder bringing well
designed homes to desirable locations in the South East of England. Shanly
Homes is organised into three regions each with their own management
teams. In 2016, the divisions operated out of 30 sites.
Shanly Partnership Homes: established in 2012 and awarded Registered
Provider status to offer Shanly-quality new homes to the shared ownership and
shared equity markets.
Sorbon Estates: represents the commercial property interests operating
predominately in the Thames Valley region. The Estate has in excess of 1,200
tenants across retail, office, residential and leisure sectors in over 200 locations.
Shanly Foundation: Since inception, the Group has been a strong supporter
of charitable and community causes. In 1997 this was formalised via the Michael
Shanly Charitable Trust which in 2012 became the Shanly Foundation.
5The Shanly Group | Summary 2016
Bridgewater Lodge, Windsor
Industrial, Maidenhead
Westminster Fields, Harpenden
Residential, Maidenhead
Elder Place, Bushey Heath
Moorings, Henley-on-Thames
Heron Gardens, Redhill
Retail and Offices, Marlow
The Shanly Group | Corporate Report 20156 The Shanly Group | Summary 2016
STRATEGY & AIMS
The Shanly Group operates in a flexible and
timely manner in assessing potential new
residential development sites and commercial
investments. It is also mindful of the
opportunities in improving its commercial
properties and continually seeks to optimise
the long term potential of the Estate.
The Group is also keen to operate collaboratively
with all stakeholders when assessing developments
and aims to be a responsible and caring employer.
While the Group is conscious of the need to
optimise financial returns for the long term
prosperity of the Group, it is also aware of its
responsibilities as a regional employer and the
need to cooperate with all relevant interested
parties when embarking on new developments.
The Group also adopts a cautious stance
when it comes to financing and endeavours
to maintain a sound balance sheet in order to
help safeguard the long term future. It is also
conscious of the need to attract and retain a
creative body of employees that adhere to and
help craft the underlying values and ethics of
the Shanly Group.
We pride ourselves in maintaining an excellent
record of health and safety and employee welfare
at all our development sites and strive to ensure
we continually seek to improve such standards.
Hand in hand with these aspirations is the Group’s
commitment to deliver high environmental and
sustainability standards at all of its developments.
Reflecting the keen interest in its local communities,
the Shanly Group is also proud to be able to offer
support to a variety of worthy causes via the
Shanly Foundation. This compassionate quality
is also reflected among our employees who
regularly participate in fundraising events and
support the Foundation.
7The Shanly Group | Summary 2016
SHARED OWNERSHIP HOMES
Established in 2012 and granted Registered Provider
status from the Homes and Communities Agency,
Shanly Partnership Homes enables us to build
Shanly quality homes to offer to the expanding
shared ownership housing sector. We were proud
to be one of the first housebuilders to be registered and
we remain one of only a small number of housebuilders
able to offer shared ownership homes to our customers.
We work in partnership with local authorities and the
Government-sponsored Help to Buy agent to assist
purchasers find their perfect new home.
shanlypartnership.com
Milton Park, Purley on Thames
The Shanly Group | Summary 20168
OUR COMMITMENT
Freshwater Habitats Trust
Shanly Homes aim to deliver new homes that are attractive, well designed, complement their surroundings and adopt sustainable features where possible.
Sorbon Estates invests in towns in order to support and enhance the local community and environment.
Our staff are committed and work hard but also are encouraged to enjoy themselves in the Group’s endeavours to enhance the built environment. They also are proud and supportive of the workings of the Shanly Foundation.
The Group has forged relationships with The Woodland Trust, RSPB, Freshwater Habitats Trust and many other charities to actively encourage and sustain the natural environment.
Additionally, as part of the Woodland Trust Partnership we fund the planting of 20 native trees for every house we build and 10 trees for every apartment.
9The Shanly Group | Summary 2016
MAIN DIRECTORS
Chairman: Michael Shanly
Our chairman began his career in the construction industry in the mid-1960s building his first Shanly Homes development in Pinner, Middlesex in 1969. The business steadily grew and was complemented some 10 years later with a commercial property operation which is now Sorbon Estates. Michael’s keen architectural and design interests are reflected in the Group’s distinctive and characterful new homes and refurbished commercial properties.
Operations Director: Tamra Booth
Since 2004 Tamra has been responsible for implementing some key strategies such as marketing, human resources and customer facing policies. Tamra is also managing director of Sorbon Estates, the commercial property arm of the Group.
Finance Director: Nick Trott
Nick joined the Group in 2000 as group finance director having previously been employed as a regional finance director at Berkeley Homes. With a long history in the property development sector, Nick is an integral member of the executive team.
Residential Managing Director: Mark Evans
After joining in 2006 as a regional managing director, Mark progressed through the business to become managing director of Shanly Homes in 2012. His all-round experience and industry knowledge has contributed to the steady and reliable growth of Shanly Homes.
Non-Executive Director: Don Tucker
Don was appointed a non-executive director in 2013 having previously been the Group’s managing director. Don’s considerable experience offers the Board a deep insight into not only the property industry but also the workings of the Group as a whole.
Non-Executive Director: Tim Potter
Tim joined the Group in 2008 having previously worked in the financial services industry for over 30 years. With considerable experience analysing and advising businesses, Tim brings independent and strategic thought to the Shanly Group.
10 The Shanly Group | Corporate Report 2015The Shanly Group | Summary 2016
SHANLY FOUNDATION
REGISTERED CHARITY NUMBER 1065044CHAIRMAN: MICHAEL SHANLY TRUSTEES: TAMRA BOOTH, TIM POTTER, DON TUCKER
The Shanly Foundation endeavours to help those persons that are disadvantaged in society, support good causes and promote healthy, active lifestyles for future generations.
The Foundation may also donate to major international causes that support areas affected by natural disasters. The Foundation receives over 600 applications for funding every year.
Here are some of the charities the Shanly Foundation has supported:
A longer list of the charities supported is available on our website: shanlyfoundation.com
SportsAble Maidenhead, Berkshire
Providing sports, activities and facilities to people with disabilities in the UK.
Thames Valley Adventure Playground Taplow, Berkshire
Open all year round to children and adults with all types of special needs.
Sayers Croft Cranleigh, Surrey
Providing quality outdoor experiences for young people.
Rivertime Boat Trust Henley-on-Thames, Oxfordshire
Enabling the disadvantaged and disabled to enjoy the River Thames.
Thomley Activity Centre Worminghall, Buckinghamshire
Offering fun days out for disabled people of all ages.
Thames Hospice Windsor, Berkshire
Providing vital adult hospice services in East Berkshire and South Buckinghamshire.
The Traditional Boat Festival Henley-on-Thames, Oxfordshire
The largest display of traditional boats in Europe plus the biggest gathering of Dunkirk little ships.
Home-Start Leicester, Leicestershire
Leading family support charity helping families with young children to deal with the challenges they face.
Scouts Nationwide
Helping over 450,000 young people in the UK enjoy new adventures.
SATRO Guildford, Surrey
Working closely with schools and young people to provide real-life experience of all aspects of the working world.
The Colostomy Association Reading, Berkshire
Providing support, reassurance and practical advice to anyone who has, or is about to have, stoma surgery.
IRONKIDS Wales Tenby, Wales
A ‘run only’ event promoting fun and healthy living for up to 1,000 children aged 3 to 14 years.
11The Shanly Group | Summary 2016
Sorbon Estates
Sorbon Aylesbury End BeaconsfieldBuckinghamshire HP9 1LW01494 [email protected]
Head Office
Sorbon Aylesbury End BeaconsfieldBuckinghamshire HP9 1LW01494 [email protected]
Southern Region
21 The Crescent LeatherheadSurrey KT22 8DY01372 [email protected]
Thames Valley Region
Sorbon Aylesbury End BeaconsfieldBuckinghamshire HP9 1LW01494 [email protected]
North London Region
SorbonAylesbury EndBeaconsfieldBuckinghamshire HP9 1LW01494 [email protected]
shanlyhomes.com
shanlypartnership.com
sorbonestates.com
shanlyfoundation.com