Conroy Brook agrees major HSBC funding package
Yorkshire housebuilder and developer Conroy Brook has completed a £10m funding deal with HSBC.
The new £10m Revolving Credit Facility will consolidate the company’s position as one of the north’s leading SME quality house builders and help it implement its growth plans over the next five to ten years.
The new facility will enable the company to complete the development of its existing sites at Harrogate, Stocksmoor and Denby Dale as well as purchase and develop new sites under both the Conroy Brook and Ben Bailey Homes brands.
Chris Kosmirak, HSBC Director said: “We are delighted to be helping Conroy Brook/ Ben Bailey grow their business of building quality homes across the Yorkshire region.
“HSBC subscribe to their vision of quality and believe that the management team have the skills to continue to drive growth across both the Conroy Brook and Ben Bailey brands”.
Conroy Brook CEO Richard Conroy commented: “For 23 years we have been developing quality homes for our customers throughout Yorkshire.
“In that time we have grown from building a single first house, to now having a pipeline of several hundred homes ahead of us in some of the best locations in the Yorkshire region.
“We are pleased that HSBC has bought into our plans for the group and look forward to a successful working relationship with HSBC.”
A family owned business founded in 1996, the Holmfirth based Conroy Brook has won over 60 awards for design and construction excellence, including Best Yorkshire housing development 2018 (Insider Property Awards, Upperthong development, Holmfirth).
In 2017 the company also acquired and re-launched the well known South Yorkshire property brand, Ben Bailey Homes.
Ben Bailey Homes is currently on site with its first new development, HighFields, a 41 home site at Clowne, near Bolsover.