The Development Bank of Wales bought into us and could see our vision for the site, and they really got us off the ground; we don’t know where we’d be without them.
Adam Meah, Commercial Director, Bishop Bayliss Developments
Business overview
Bishop Bayliss Developments is a South Wales based property development company that specialises in commercial to residential development, bringing energy efficient and future proofed homes to areas where they are needed most.
Management team
Adam Meah - Adam joined in September 2022 and is employed as Commercial Manager. He manages the projects on a day-to-day basis, overseeing progress and managing subcontractors to ensure projects stay on budget and programme.
Ashley Bishop - Ashley holds an MSc in Innovation Management, a BEng in Manufacturing Systems Engineering and is PRINCE2 Foundation certified in Project Management.
Lloyd Bayliss - Lloyd has over 12 year’s electrical experience focussing on domestic and industrial installation, testing and fault finding. He also has relevant experience working with businesses and contractors to scale up and extend core business reach into maintenance contracts.
Business purpose
The aim of Bishop Bayliss Developments is to produce high quality, energy efficient new build homes all over South Wales. With each new site, the team seeks to put their customers at the forefront, striving always for exceptional service with a continuous improvement mindset to every aspect of the development.
Bishop Bayliss Developments spotted an opportunity to build four new homes on Grove Park, Maesnynant in 2023. The properties are located on the outskirts of Merthyr Tydfil town centre; less than half a mile from local schools and Cyfartha Park, and less than a mile from the train station, high street shops and a large Tesco Extra. It is also well located in terms of the wider road network.
Funding
The growing property developer successfully completed its first new build residential development in the heart of Merthyr Tydfil following a £1.2 million loan from the Development Bank of Wales.
Infrastructure work had already been carried out on site by an earlier owner, with Bishop Bayliss keen to use the project to complete the first set of new-build homes, having previously focused on refurbishing or renovating existing properties.All four of the new properties have already sold off-plan, with the loan fully repaid.
What people are saying
We were keen to work on a new build, but it was difficult for us to find a lender that would support us.
The Development Bank of Wales bought into us and could see our vision for the site, and they really got us off the ground; we don’t know where we’d be without them.
Adam Meah, Commercial Director, Bishop Bayliss Developments
The developers have put high quality new housing on a site in need of development in a popular residential area, which has been demonstrated by the strong level of demand for the properties.
We’re glad that our support meant that Bishop Bayliss Developments were able to quickly purchase and start work on the site, backed by our investment via the Wales Property Fund, which exists precisely in order to jump-start developments like that at Maesynant.
James Brennan, Property Development Executive at the Development Bank
Despite this development being Bishop Bayliss’ first new build, they approached the scheme with a high level of maturity. They were willing to listen to advice and challenge in equal measures.
This approach, coupled with the Development Banks’ willingness to seek solutions rather than create further hurdles for the Borrower, created a close-knit relationship between all parties. I look forward to working with both Development Bank and Bishop Bayliss on future projects.
Paul Griffiths, RPA Quantity Surveyors
