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Taylor Wimpey Plc
Taylor Wimpey PLC - CMA consults on proposed commitments
9th July 2025, 07:05
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RNS Number : 3417Q
Taylor Wimpey PLC
09 July 2025
 

9 July 2025

Taylor Wimpey plc

 

Competition and Markets Authority (CMA) consults on proposed commitments to close investigation into housebuilders

 

In February 2024, the UK Competition and Markets Authority ("CMA") launched an investigation into the conduct of seven UK housebuilders between January 2022 and February 2024.

 

The CMA has today announced its intention to close its investigation by accepting voluntary commitments from all parties involved in the investigation, and has invited representations from interested third parties.

 

The CMA has not made any infringement finding against Taylor Wimpey or any of the housebuilders subject to investigation, and the voluntary commitments offered do not constitute an admission of any wrongdoing.

 

The voluntary commitments include: (i) agreeing not to share certain categories of information with housebuilders; (ii) supporting the Home Builders Federation and Homes for Scotland to develop and publish industry-wide guidance on information exchange; and (iii) a combined financial contribution by the seven housebuilders of £100 million to the Government's Affordable Homes Programme. Taylor Wimpey's share of the combined financial contribution will be a payment of £15.84 million. The payment will be made within three months of the date on which the Parties receive formal notification of the CMA's acceptance of the commitments, and will be treated as an exceptional item within the half year results.

 

The CMA's consultation will close on 24 July 2025. The CMA will then make a final decision on whether to accept the commitments offered.

 

Taylor Wimpey welcomes the CMA's intention to conclude its investigation by accepting voluntary commitments. We will continue to work constructively with the CMA as they conclude the process.

 

-Ends-

 

For further information please contact:

Taylor Wimpey plc                                                    Tel: +44(0)1494885656

 

Ishaq Kayani, Group General Counsel and Company Secretary

Debbie Archibald, Investor Relations

Andrew McGeary, Investor Relations

 

FGS Global                                                                TaylorWimpey-LON@fgsglobal.com

Faeth Birch

Anjali Unnikrishnan

 

Notes to editors:

 

Taylor Wimpey plc is a customer-focused homebuilder operating at a local level from 22 regional businesses across the UK. We also have operations in Spain. Our purpose is to build great homes and create thriving communities.

 

For further information, please visit the Group's website: www.taylorwimpey.co.uk/corporate

 

Follow our company page on LinkedIn, Taylor Wimpey plc

 

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