|
THE POWER OF PR PROVES ITS METTLE FOR BARRATT ACQUISITION February 6th 2007.
It's nice to know that something we have achieved in the past has had a significant bearing on the future - regardless of how small its extent.
So it was with some warmth that I heard this week of the acquisition of homebuilder and property developer Wilson Bowden by leading UK housebuilder Barratt Developments. Why? Well, up until about ten or twelve years ago, it was l'il ole me who was responsible for a not insignificant amount of media relations activity on behalf of Wilson Bowden.
I have no idea of the worth of the company during the eight years or so I was working with them, but the quoted figure which Barratt Developments is reported to have paid for Wilson Bowden is around £2.2 billion (approx $4.4bn).
Which just goes to demonstrate the power of PR.
Now, I am not for one moment suggesting that PR was solely responsible for the company's success - I am sure the high-quality product and a host of other factors played far more significant roles in the company's successful development. But what I will say is that PR helped to create a significant awareness of the fine points of the company and its products - not only to its customers but also to its suppliers, competitors, and subsequently to its investors.
When I started as PR consultant to Wilson Bowden it was for the housebuilding arm, David Wilson Homes. And even then it was for only one specific region. As it was, I was taking the helm from Mrs David Wilson herself, who had been doing a fine job, let me say.
Happily, success led to success and my portfolio of work with the company had grown to incorporate all the then regional housebuilding divisions, as well as the commercial property arm, Wilson Bowden Properties, and some other operating divisions of the company (I should make it clear that the financial PR was, of course, extremely well-handled by a City PR firm).
And the time came when, indeed, rarely was there a day when David Wilson Homes did not appear in some publication somewhere.
So, such elevated awareness can only have been good for any company - and so it has proven with the erstwhile Wilson Bowden plc. May I congratulate David Wilson and all of his team through the years on the success of the company and, although I rowed only one of the oars, not only am I delighted to have been part of the crew, but it is heartwarming to see that PR really has proven its mettle.
Stephen J. Smith. February 6th 2007
|