UK CMA proposes closure of its investigation
9 July 2025
UK Competition and Markets Authority proposes closure of its investigation
Persimmon welcomes the announcement made on 9 July 2025 by the UK Competition and Markets Authority ("CMA") that it proposes to accept commitments and close its investigation into Persimmon and six other UK housebuilders regarding suspected anti-competitive conduct, without making any finding that Persimmon plc and its group companies has infringed UK competition law.
Persimmon has worked constructively with the CMA throughout its enquiry. Alongside the other housebuilders under investigation, it has voluntarily offered commitments in response to the potential concerns investigated by the CMA.
Persimmon's decision to offer voluntary commitments does not constitute an admission of any wrongdoing nor does it imply that Persimmon agrees with the concerns expressed by the CMA in the investigation.
The commitments include an ex gratia financial contribution from all seven housebuilders to the government's Affordable Homes Programme totalling £100 million. Persimmon's proportionate contribution is £15.24 million.
Persimmon remains focused on delivering more of the high-quality, affordable homes which are its core strength, and maintaining its high standards of customer service and satisfaction.
Notes
On 26 February 2024, the Competition and Markets Authority opened an investigation into eight housebuilders (following the Barratt/Redrow mergers, seven housebuilders) under Chapter I of the Competition Act 1998. More information can be found here: Investigation into suspected anti-competitive conduct by housebuilders - GOV.UK
For further information please contact:
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Victoria Prior, Group IR Director Anthony Vigor, Group Director of Strategic Partnerships and External Affairs |
Giles Kernick, Teneo Elizabeth Snow, Teneo
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Persimmon Plc |
persimmon@teneo.com |
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Tel: +44 (0) 1904 642199 |
Tel: +44 (0) 7912 540 246 |
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