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The Financial Risks in Taylor Wimpey plc, Comparison It with Bellway plc

The Financial Risks in Taylor Wimpey plc, Comparison It with Bellway plc - Research Paper Example

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The paper "The Financial Risks in Taylor Wimpey plc, Comparison It with Bellway plc" describes that the analysis indicates that Taylor Wimpey’s business is very risky and the construction industry has a higher rate of insolvency when compared to other industries…

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The Financial Risks in Taylor Wimpey plc, Comparison It with Bellway plc

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Subject: Finance & Accounting
Type: Research Paper
Level: Masters
Pages: 36 (9000 words)
Downloads: 2
Author: jonesrozella

Extract of sample "The Financial Risks in Taylor Wimpey plc, Comparison It with Bellway plc"

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Taylor Wimpey plc and Bellway plc companies have carried out work in Africa, Asia, Australia, the United States and other parts of Europe. The company operates from offices in the UK and Spain and focuses on the development of residential properties. In the UK the company operates from 24 regional offices across England, Scotland and Wales (Taylor Wimpey 2011b). Over the years, the company has built a wide range of properties from one and two-bedroom apartments to five bedroom detached houses.

In addition to its UK and Spain construction business Taylor Wimpey also operates two other businesses - Prestoplan and Taylor Wimpey Logistics (TWL). Prestoplan is the company’s timber frame solutions business which allows for the simplification of on-site construction while TWL is its supply chain logistics business that sources materials in bulk from suppliers ‘just in time’ for carrying out construction (Taylor Wimpey 2011c). The industries in which Taylor Wimpey competes include residential construction contractors, the construction sector, and residential real estate development (Hovers 2011).

The company’s main competitors are Bellway plc which is located in Newcastle Upon Tyne in the UK and The Berkeley Group Holdings plc in Cobham, Surrey. 2.0 Financing Decisions According to Edum-Fotwe et al (1995) the construction industry in the UK has always experienced a high level of insolvencies when compared to other industries. One of the main causes of this is the improper use of cash resources (Chen et al 2010). It is therefore important that regular performance evaluation is carried out in order to determine the strategies to use in order to ensure survival.

Financial analysis using a number of ratios, therefore, becomes important.

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