Helical plc
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 | A major contributor to this article appears to have a close connection with its subject. |
| Company type | Public (LSE: HLCL) |
|---|---|
| Industry | Property |
| Founded | 1919 |
| Headquarters | London, UK |
Key people | Mike Slade, Chairman Gerald Kaye, CEO |
Number of employees | 34 (2016) |
| Website | www.helical.co.uk |
Helical plc (formerly Helical Bar plc) is a UK focused property investment and development company.
We aim to deliver market-leading returns by acquiring high yielding investment properties, applying a rigorous approach to asset management and deploying limited equity into development situations which have the potential to be highly profitable.
Our portfolio is primarily targeted towards London for capital growth and development profits and the regions for high yielding investment assets (http://www.helical.co.uk/about-us/).
History
The Helical Bar and Engineering Company Limited was incorporated as a limited company on 3 July 1919 to make and sell reinforcing steel for the construction industry.
After continuing this business for over 65 years, financial difficulties led the Company to seek new activities and on 21 August 1984 Michael Slade was appointed to the Board bringing with him over 15 years of experience of the commercial property world.
The steel reinforcement business was sold at the end of 1986 enabling Helical Bar to become a property development and investment company with Michael Slade as its Chief Executive and Nigel McNair Scott as its Finance Director.
Gerald Kaye joined the Board in 1994 and, having joined Helical in 1995, Matthew Bonning-Snook was appointed Director in 2007.
Duncan Walker joined the Board in June 2011 as an executive director and Tim Murphy was appointed Finance Director in July 2012.
At the 2016 AGM Michael Slade was appointed Chairman and Gerald Kaye was appointed Chief Executive, and the Company formally renamed Helical plc.
Operations
The Group is organised into two activities:
- London
- Regions
As at 31st March 2016 Helical's investment portfolio was valued at £1,052.7m and its development and trading portfolio was valued at £187.3m. Total property return was £170.6m, operating profit £120.1m and net assets £486.2m (http://www.helical.co.uk/investors/).
Portfolio
Helical's London portfolio currently includes One Creechurch Place EC3 (http://www.onecreechurchplace.com/), 272,000 sq ft of Grade A office space in the heart of the insurance district, The Bower (http://www.theboweroldst.com/), a new landmark quarter for Old Street, featuring 320,000 sq ft of office space as well as a vibrant restaurant and retail destination, and The Loom in Whitechapel (http://www.theloom-e1.com/), a 110,000 sq ft refurbished Victorian wool warehouse.
The regional portfolio includes several high yielding investment holdings such as The Morgan Quarter, Cardiff (http://www.morganquarter.co.uk/), a 250,000 sq ft mixed use development, office buildings in Manchester, such as Churchgate & Lee House (http://www.churchgateandleehouse.co.uk/), and various industrial buildings across the UK. Helical are also developing four retirement villages in south England (http://www.renaissancevillages.co.uk/).