Barratt Developments PLC (LSE: BDEV) is one of the largest residential property development companies in the United Kingdom.
It was founded in 1958 as Greensitt Bros. but control was later assumed by Sir Lawrie Barratt.
It was originally based in Newcastle upon Tyne but is now located at David Wilson's former offices in Coalville.
It has been listed on the London Stock Exchange since 1968 and is a constituent of the FTSE 250 Index.
In 1962, Lewis Greensitt (a Newcastle builder) and Lawrie Barratt (an accountant) acquired control of the Company and embarked on a five-year expansion plan.
The Company was floated on the Stock Exchange in 1968 as Greensitt & Barratt by which time the growth plan had been “fully achieved”.
Lewis Greensitt left shortly after the flotation and in 1963 the Company was renamed Barratt Developments.