Bargate Homes continues to expand in record breaking year

By Tom Kilkelly

5 October 2023

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Credit: Bargate Homes

Hampshire-based developers Bargate Homes is continuing its expansion with its full occupation of the 8,500 sq ft previously multi-let office in Fair Oak.

Bargate constructed the office in 2015 to EPC A standards, it was previously a multi-let operation.

The firm has reported that this expansion is to accommodate the 70-strong in-house team, which is currently working on the completion of 230 homes - a record number for Bargate.

Bargate Homes has launched four new developments during the past 10 months and sales across all sites have helped the business maintain a steady growth.

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Annual turnover in the year ending March 2022 was £38 million, when 123 homes were completed. In the year ending March 2023, 140 homes were completed to achieve a £51 million turnover. The business is on track to deliver 230 homes during this financial year.

Mark White, Managing Director of Bargate Homes, said: “The growth of the Bargate business is due to the hard work of the entire team and the significant investment into our strategic landbank.

''There has never been a more challenging time to obtain residential planning consent and commence work on site, but the years of pre-construction work we have put into each of our live sites has put us in a strong position.

“Having the head count to justify taking full occupation of our office building in Fair Oak is a really positive milestone for the team. We constructed it eight years ago to meet a very high SAP rating, which is enabling us to work towards a net zero future in a meaningful way.”

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.