Conroy Brook secures £5m Natwest funding for South Yorkshire developments

L-R: Richard Conroy, Conroy Brook; Tim Groves, Natwest; Jon Bailey, Conroy Brook; and Jason Brook, Conroy Brook''20/05/2015 Conroy Brook secures �5m funding from Natwest
L-R: Richard Conroy, Conroy Brook; Tim Groves, Natwest; Jon Bailey, Conroy Brook; and Jason Brook, Conroy Brook''20/05/2015 Conroy Brook secures �5m funding from Natwest
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Holmfirth-based housebuilder Conroy Brook has secured a £5m funding deal with Natwest to support two new developments.

The move will see the firm expand further into South Yorkshire, creating 22 four and five-bedroom luxury family homes at sites in Barnsley and Doncaster.

The deal comes as chief executive Richard Conroy announced plans to grow turnover from £10m to £15m over the next five years.

He said: “We have a very clear idea of where we want to take the business and this latest funding deal is helping us to deliver on this strategy.

Building work at SummerFord in Ingbirchworth and Braeburn Mews in Bawtry will start later this year. The properties be priced from £300,000 to £600,000.

Conroy Brook has also grown its senior management team in recent months.

The team, which is headed up by Mr Conroy and director Jason Book, expanded to include construction director John Rodda and sales director Jon Bailey, a former director at Ben Bailey Homes.

Mr Rodda joined the business from Persimmon Homes in September, while Mr Bailey is a former director of Ben Bailey.

As the firm grows, it will continue its focus on quality and high specification for its properties, Mr Conroy said.

It is now looking to secure bigger developments to meet its anticipated growth “never losing sight of what it is that makes a premium builder different to others”, he said.

“As a result of this, we expect to double our build capacity in the next 12 to 18 months alone,” he added.

Natwest previously supported a five-property development by the builder at Forge View in Sheffield.

Mr Conroy said: “We see this latest funding deal as a clear indication of the bank’s confidence in our plans.”

Tim Groves from Natwest said: “Conroy Brook has a proven track record in building and selling quality family homes.

“I am delighted it has chosen Natwest as its funding partner for its next two developments, which will create jobs in the Yorkshire area.”