Helical Bar
Encyclopedia
Helical Bar plc is a leading British
-based property business. It is headquartered in London
and is a constituent of the FTSE SmallCap Index
.
for the construction industry and was originally known as The Helical Bar and Engineering Company Limited. The sale of the steel reinforcement business to its management at the end of 1986 enabled Helical Bar to diversify into a property development and investment company.
In 2008 a consortium of Helical Bar and Grainger
was named as the preferred developer for the King Street regeneration scheme in Hammersmith
.
As at 31 March 2010 its investment portfolio was valued at £220m and its development and trading portfolio was valued at £183m.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based property business. It is headquartered in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and is a constituent of the FTSE SmallCap Index
FTSE SmallCap Index
The FTSE SmallCap Index is an index of small market capitalization companies consisting of the 351st to the 619th largest listed companies on the London Stock Exchange main market...
.
History
The Company was formed in July 1919 to make and sell reinforcing steelSteel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
for the construction industry and was originally known as The Helical Bar and Engineering Company Limited. The sale of the steel reinforcement business to its management at the end of 1986 enabled Helical Bar to diversify into a property development and investment company.
In 2008 a consortium of Helical Bar and Grainger
Grainger plc
Grainger plc is a leading British-based residential property business. It is headquartered in Newcastle upon Tyne and is a constituent of the FTSE 250 Index. Grainger has approximately £2.1 billion of wholly owned property assets and £2.8 billion of assets under management...
was named as the preferred developer for the King Street regeneration scheme in Hammersmith
Hammersmith
Hammersmith is an urban centre in the London Borough of Hammersmith and Fulham in west London, England, in the United Kingdom, approximately five miles west of Charing Cross on the north bank of the River Thames...
.
Operations
The Group is organised into two activities:- Investment and trading
- Development
As at 31 March 2010 its investment portfolio was valued at £220m and its development and trading portfolio was valued at £183m.