It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index but was acquired by Persimmon plc in 2005.
By this point, the Joiner family were keen to realise their equity in the company and it was floated on the London Stock Exchange in 1986.
Specifically, Westbury opted to move into prefabricated housing via the construction of a factory that was capable of producing 5,000 units per year; it also diversified into financial services.
[12] Other positive factors included a focus on increased operational efficiency,[18] a shift upmarket,[19] and rising land and house prices at a rate of roughly 10 per cent during this period.
[22] During November 2005, Westbury received a £643 million takeover approach from Persimmon plc, a larger British housebuilding company, which was accepted by the shareholders and management alike.