Abbey plcPotters Bar, United Kingdom

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Abbey Company Description

No nuns, monks, or advice gurus in this Abbey. Abbey plc develops residential properties -- mainly single-family homes and apartments -- in the UK, Ireland, and the Czech Republic. Its homebuilding division sells more than 600 homes annually, with an average selling price in the neighborhood of €250,000. In Prague, Abbey owns land on which it is building more than 300 units. The company's M&J Engineering subsidiary manages and leases industrial plants and equipment. Chairman Charles Gallagher, through Gallagher Holdings, controls about 35% of Abbey. He also manages a family-owned company operating in the same sector, Matthew Homes.

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The Company Description provides a historical perspective of Abbey's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Abbey's evolution in the marketplace.

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