John and Raymond Beal establish Beal Developments Limited. They build a house and two shops in the East Riding town of Hedon. The company has continued to build in Hedon ever since.
Beal Homes undertakes developments in Hull and in East Yorkshire villages.
The company moves from its country office to Tower House Lane, Hedon Road, Hull, the site of the current purpose built head office.
Beal Homes completes 199 homes at the East Riding village of Preston. The project is a major stepping stone in the progressive development of the company. Other developments follow in Market Weighton, Hedon and Hull.
Beal Homes is the first developer to build homes at Kingswood, a major, mixed-use development and a flagship in the regeneration of the city of Hull. In 1995 this was a pioneering move, but Beal Homes has gone on to complete three developments at Kingswood and is proud to be part of the on-going development of Kingswood Parks commencing a fourth site in 2006.
Raymond Beal retires. He sadly died in 2003.
Richard Beal becomes Managing Director. He joined Beal Homes in 1988 working on site and in all aspects of the business before being appointed to the Board in 1994. He is joint owner of the company.
Beal Holdings Limited, the then newly formed holding company, acquires Eastman Securities Limited of Lincoln, thus satisfying the company's long held objective of developing in Lincolnshire. This acquisition has allowed for more rapid growth along with corresponding profit growth generated from both house building and land dealing.
Beal Homes completes Leaf Sail Farm,Hedon, its largest development to date. 450 homes were built over a number of years. Group head office and main administration centre continues to be located in Hull, Yorkshire and Lincolnshire operations are controlled from a new regional office at Burton Waters, Lincoln.
Beal Holdings' continued growth and profitability saw it placed in the Top 100 of the Sunday Times Fastest Growing Privately Owned Companies. The Group further extended its land bank acquiring land in Nafferton and Willerby, East Yorkshire, and secured further options in Lincolnshire including a 40 acre site in Waddington.
Despite the difficult trading conditions of the UK economy, the Group continued to buck the trend and achieve its set financial targets for the year. Land acquisitions still continued at pace and new developments were started at Stallingborough and Branston in Lincolnshire. House building work continued on programme as a result of the Group’s dedication to providing high specification quality homes in excellent locations throughout East Yorkshire and Lincolnshire whilst providing industry leading standards of customer service.
The Group's plan is for steady growth and continue to build 150 residential units a year. The Group now holds a land bank in excess of 750 plots with detailed planning permission and a strategic land bank held by way of options in excess of 350 acres. Due to stringent financial control the Group's long-term future is secure. The immediate plans also include to further develop its commercial property arm, land dealing and property investment activities.