Barratt Redrow plc (LSE:BTRW) has appointed Ernst & Young LLP (EY) as its next external auditor after completing a formal competitive tender process overseen by the company’s Audit and Risk Committee. Subject to shareholder approval at the 2027 Annual General Meeting, EY will assume the role from the financial year ending 2 July 2028.
Auditor transition follows UK governance requirements
The appointment forms part of the UK’s mandatory audit tendering and auditor rotation requirements, which require listed companies to periodically review and refresh their external audit arrangements.
Deloitte LLP, which has served as Barratt Redrow’s external auditor since 2007 and was reappointed following a tender in 2017, will remain in place for the 2026 and 2027 financial years. This phased transition is intended to provide continuity before EY formally takes over the audit engagement.
Strong fundamentals offset by weaker technical picture
Barratt Redrow continues to benefit from a strong balance sheet, healthy revenue growth and an attractive valuation, supported by a price-to-earnings ratio of 13.2 and a dividend yield of 6.68%.
However, these strengths are tempered by weaker technical indicators, with the shares trading below key long-term moving averages and momentum signals indicating an oversold market. Recent deterioration in cash flow also remains a factor for investors to monitor.
More about Barratt Redrow
Barratt Redrow plc is one of the UK’s largest residential property developers, building and selling new homes across England, Scotland and Wales. The company develops a broad range of housing projects, from affordable homes to premium residential developments, serving first-time buyers, families and existing homeowners.
Through its nationwide land portfolio and large-scale development pipeline, Barratt Redrow plays a significant role in supporting UK housing supply while focusing on quality construction, sustainability and long-term shareholder returns.
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