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A<br />
<strong>MODERN</strong> <strong>METHOD</strong><br />
<strong>OF</strong> <strong>CONSTRUCTION</strong>
01<br />
02<br />
CORE PROPOSITION<br />
A modern method of construction<br />
and an innovative British business.<br />
One of the UK’s first trailblazer<br />
manufacturers of ‘fully furnished’<br />
houses and apartments.<br />
In summary, it’s a fully furnished<br />
home, manufactured in a factory<br />
and delivered to site as a completed<br />
“turnkey” unit on the back of a<br />
flat-bed truck and craned into<br />
position, taking only a few days<br />
to fully commission.<br />
“To address the housing<br />
crisis at least 300,000 new<br />
homes are needed annually<br />
for the foreseeable future...<br />
One million homes by 2020<br />
will not be enough.”<br />
House of Lords, Building More Homes<br />
July 2016<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>
03<br />
04<br />
VISION AND VALUES<br />
PILLARS <strong>OF</strong> OUR PHILOSOPHY<br />
“Our vision is to become<br />
the Henry Ford of the<br />
housing market.<br />
Our proposal is to<br />
manufacture affordable<br />
homes in a factory.<br />
Our aim is to help solve<br />
the UK housing crisis.”<br />
Glynne Benge<br />
Chairman & CEO, Offsite Homes<br />
Innovation<br />
We value innovation, changing the way affordable<br />
homes are being built in the UK by creating fully<br />
finished modular homes in a factory.<br />
Quality<br />
We strive for excellence, exceeding our customers’<br />
expectations by doing things right first time and<br />
taking pride in every detail of the homes we<br />
manufacture.<br />
Culture<br />
We nurture a friendly, inclusive team environment<br />
amongst all our employees, suppliers, customers<br />
and shareholders and strive for continuous<br />
improvement.<br />
Legacy<br />
We create meaningful jobs and sustainable starter<br />
homes to make a real difference to the lives of<br />
future generations.<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>
05<br />
06<br />
MARKET OPPORTUNITY<br />
“The reason our housing system<br />
is so dysfunctional is that we are<br />
not building enough new homes<br />
of any tenure - not just for home<br />
ownership - so there is a mismatch<br />
between supply and demand.”<br />
“We can only tackle this by<br />
building more homes - in England<br />
we need to build 250,000 a year.”<br />
Grainia Long<br />
Chief Executive, Chartered Institute of Housing<br />
Current UK housing supply has plateaued year<br />
on year and the latest NHBC output figures show<br />
c.152,000 new homes being built per annum. With<br />
a government target to produce c.250,000 new<br />
homes per annum, the UK now faces a significant<br />
housing crisis driven by a number of factors:-<br />
• Lack of skilled tradesmen.<br />
• An ageing population.<br />
• Increase in single living.<br />
• Lack of available mortgages for first time buyers.<br />
• Social housing development decline.<br />
• An increase in net migration.<br />
• National house builders’ unwillingness and<br />
inability to build more homes.<br />
• The UK population will increase by 10 million over<br />
the next 25 years, according to official statistics.<br />
Offsite Homes will serve the needs of social<br />
housing associations, local and central government<br />
(HCA), local authorities, private rental sector,<br />
strategic land owners and mid-size private<br />
property developers.<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>
07<br />
08<br />
OUR CONCEPT<br />
TARGET CUSTOMERS<br />
First time buyers<br />
younger couples and young families.<br />
The concept of offsite modular housing<br />
is not new and dates back to the early<br />
1800’s and modular building methods<br />
are well established in the wider<br />
property industry.<br />
Our unique combination of two<br />
dimensional panel sections and three<br />
dimensional volumetric open and closed<br />
modules use a steel frame structure and<br />
are mass produced, on a continuous line<br />
basis, every 40 minutes.<br />
However, what Offsite Homes are doing<br />
is revolutionary and there are no direct<br />
competitors in the UK market, at present.<br />
Downsizing buyers<br />
retired/semi-retired empty nester couples & divorcees.<br />
Social Housing buyers<br />
for long term social rental projects.<br />
Private & Residential landlords<br />
for long term private rental projects.<br />
“Clearly, as one of the region’s key<br />
social housing providers, First Wessex<br />
would wish, where possible to support<br />
such an initiative as any help with job<br />
creation and affordable housing in the<br />
region matters to us all.”<br />
John Barker<br />
Director of Assets & Development for First Wessex<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>
09<br />
10<br />
JOURNEY SO FAR<br />
1908<br />
1944<br />
2000<br />
2001<br />
2012<br />
2013<br />
Jan 2015<br />
Feb 2015<br />
Jul 2015<br />
Henry Ford developed<br />
and manufactured the<br />
first affordable mass<br />
produced motor car.<br />
Modular homes were<br />
a major factor in<br />
addressing the post<br />
Second World War<br />
housing shortage.<br />
Adrian Roebuck,<br />
Production Manager,<br />
first ran the<br />
construction of<br />
modular buildings<br />
Nick Shorten,<br />
Operations Director<br />
joined the modular<br />
building industry in<br />
the UK and China.<br />
CEO, Glynne Benge,<br />
travels around<br />
Europe to research<br />
modern methods<br />
of construction for<br />
MD, Gary West<br />
successfully sells<br />
his FastTrack 100<br />
company after seven<br />
years and exits the<br />
Glynne Benge and<br />
Gary West, Founding<br />
Directors of Offsite<br />
Homes join forces and<br />
initial seed capital<br />
The product design<br />
stage commences<br />
on Prototype One<br />
through a steering<br />
group of technical<br />
Successful<br />
presentation to<br />
Brandon Lewis,<br />
Minister of State for<br />
Housing and Planning.<br />
in the UAE.<br />
the Welborne project.<br />
business.<br />
introduced.<br />
experts.<br />
Aug 2015<br />
Oct 2015<br />
Jan 2016<br />
Feb 2016<br />
Mar 2016<br />
Apr 2016<br />
May 2016<br />
Jun 2016<br />
Jul 2016<br />
The build stage for<br />
Prototype One<br />
commences at<br />
Daedalus, Gosport,<br />
Hampshire.<br />
Kevin McCloud,<br />
HAB Housing and<br />
TV Presenter,<br />
Grand Designs visits<br />
Daedalus to view<br />
prototype.<br />
Completion of round<br />
two funding by<br />
introducing six high<br />
net worth investors.<br />
Prototype value<br />
engineering<br />
project started.<br />
Senior Management<br />
Team assembled.<br />
Architects appointed<br />
to develop the<br />
product portfolio.<br />
Factory sites<br />
identified.<br />
Team procurement<br />
visit to Germany.<br />
Successful<br />
presentation to HCA,<br />
responsible for<br />
National Direct<br />
Commissioning.<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>
11<br />
12<br />
OUR TEAM<br />
Our management team has vast experience in modular housing, land development,<br />
technology and environmental science with a proven background of success from business<br />
start-up to ultimate exit in construction, supply chain and retail.<br />
Glynne Benge<br />
Chairman and CEO<br />
A Chartered Surveyor<br />
with over 35 years<br />
experience within<br />
the commercial and<br />
residential property<br />
market, with<br />
business interests<br />
in agriculture, marine,<br />
retail and<br />
manufacturing.<br />
Glynne is actively<br />
involved leading the<br />
new Welborne<br />
(Fareham) community<br />
offer of 6,000 homes<br />
and 5,000 jobs.<br />
Gary West<br />
Managing Director<br />
A Chartered Marketer,<br />
MBA and<br />
entrepreneur<br />
with over 25 years<br />
post graduate<br />
experience including<br />
eight years founding<br />
and managing<br />
Planet Cruise to<br />
become a Sunday<br />
Times Fast Track 100<br />
company with a<br />
turnover of £35m<br />
before successfully<br />
exiting to Iglu.com<br />
in 2013.<br />
Nick Shorten<br />
Operations Director<br />
With 35 years<br />
production<br />
experience<br />
responsible for<br />
managing and<br />
delivering significant<br />
modular projects,<br />
both in the UK and<br />
Internationally, Nick<br />
started working in<br />
the modular offsite<br />
construction industry<br />
in 2001.<br />
Charles Burt<br />
Technical &<br />
Innovation Director<br />
Founded and<br />
managed Olive,<br />
an environmental<br />
consultancy,<br />
for twelve years.<br />
Previously spent 25<br />
years in the City,<br />
including<br />
directorships in<br />
start-ups and<br />
floating an<br />
investment<br />
company on<br />
the LSE.<br />
Shena Mitchell<br />
Business<br />
Development<br />
Manager<br />
A strategic<br />
entrepreneur<br />
with over 30 years<br />
working as an<br />
academic,<br />
entrepreneur and<br />
companies strategist.<br />
Specialist areas of<br />
knowledge include<br />
raising private and<br />
public funds<br />
for start-ups and<br />
fast track business.<br />
John Charlton<br />
HSEQ Manager<br />
With over 35 years<br />
specialising in QA,<br />
Health and Safety,<br />
Environment<br />
and Facilities<br />
Management<br />
working with<br />
companies such<br />
as Nissan, Johnson<br />
Controls, Compass<br />
Group, Rio Tinto,<br />
Shell and BP.<br />
Adrian Roebuck<br />
Production Manager<br />
Has over 15 years<br />
management<br />
experience in<br />
modular<br />
manufacturing in<br />
the UAE setting<br />
out new production<br />
facilities and<br />
optimizing<br />
workflows and<br />
workshops plus<br />
managing over<br />
1,200 personnel.<br />
Stewart Pearce<br />
Finance Manager<br />
After graduating<br />
in Law, Accountancy<br />
beckoned and<br />
subsequent roles<br />
included European<br />
Finance Director<br />
at 3Com and<br />
Corporate Finance<br />
Director at NTL<br />
(now Virgin Media).<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>
13<br />
14<br />
OUR PRODUCT<br />
The steel modules are manufactured, under<br />
contract, in a factory, and one house will roll off<br />
our factory production line every 80 minutes.<br />
The fully finished turnkey modules are transported,<br />
craned and connected to pre-prepared<br />
groundworks on site.<br />
A choice of starter homes with all plastering,<br />
plumbing, electrics, tiling and decoration finished;<br />
all baths, showers and kitchens already pre-fitted.<br />
Internal fixtures can be personalised and, for<br />
maximum kerb-appeal, there is a wide choice<br />
of attractive external finishes to meet any local<br />
vernacular.<br />
Fully approved for mortgage purposes through<br />
Lloyds Register, designs are compliant with the<br />
latest Building Regulations, and meet the<br />
Nationally Described Space Standards.<br />
• We will strive to source materials, including steel,<br />
from within the UK.<br />
• Our commitment is to manufacture sustainable<br />
homes, due to our methods of working, we will<br />
produce almost no waste and will therefore meet<br />
the objectives of the Circular Economy.<br />
• Our factories and processes will be UKAS auditor<br />
certified to the ISO standards for Health and Safety,<br />
Environmental and Quality performance (ISO 18001,<br />
ISO 14001 and ISO 9001 respectively).<br />
• c.10%-20% reduction in construction cost.<br />
• c.50% lighter and suitable for brownfield<br />
sites.<br />
• c.80 minutes production takt time<br />
and three weeks start to finish per house.<br />
• Majority of our labour will be employed as<br />
unskilled and then trained onsite.<br />
• 100% finished turnkey units transported,<br />
craned and utility services connected on<br />
site.<br />
• c.50% overall time saving v traditional<br />
build.<br />
• 100% approved by the council of mortgage<br />
lenders.<br />
• 12 year build warranty underwritten by<br />
Lloyds Register with a 60 year readily<br />
saleable assurance.<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>
“I am working with an exciting<br />
business, Offsite Homes, who I am<br />
confident will become major<br />
manufacturers of modular<br />
homes on a national scale.”<br />
Mark Cross<br />
Relationship Director<br />
Lloyds Bank<br />
CONTACT<br />
Dr Shena Mitchell<br />
Business Development Manager<br />
E: smitchell@offsitehomes.com<br />
T: 02393 877 613<br />
M: 07703 567 196<br />
offsitehomes.com<br />
A <strong>MODERN</strong> <strong>METHOD</strong> <strong>OF</strong> <strong>CONSTRUCTION</strong>