Wates

Wates rose 13 places to the top of the contractors' league table in March by securing £418m worth of contracts from a total of 14 projects, including two major housing deals. According to data gathered by construction intelligence provider Glenigan, one big factor behind Wates topping the table is a…

Wates expects to turn over £2.1bn in 2023 and is targeting further ultra-high-value gigafactory projects, its bosses have told Construction News On Thursday (30 March) the contractor and developer reported a record turnover of £1.89bn – a 36 per cent increase from two years earlier – and revealed that it…

Kier Places and Morgan Sindall Property Services have been named among 10 partners on a major upgrade programme with L&Q. The housing association has signed 15-year contracts with 10 partners worth up to £300m per year for its major works investment programme. The contracts will see the companies deliver a…

Wates made a pre-tax profit of £33.7m in 2022 from a record turnover of £1.9bn. The family-owned contractor, which is based in Leatherhead, Surrey, had a forward order book of £8.35m at the end of the calendar year with net cash of £153m. Its turnover rose by 16 per cent…

Wates has appointed the head of a marine engineering company as its new chief executive. Eoghan O’Lionaird, CEO of FTSE-listed James Fisher and Sons, will take over at the contractor on 20 February. The 56-year-old has also worked in executive roles at companies including Philips, high-tech equipment and software firm…

Wates questioned the scope of post-Grenfell safety remediation work on Camden Council’s Chalcots Estate before the firm was removed from the job, Construction News can reveal. Documents disclosed to CN show that more than a year before the contractor was taken off the site, a member of its team pressed…

Wates has been selected to build 334 new homes in Barking, east London, as part of the latest phase of an £874m regeneration scheme. Developer Be First, which is owned by Barking and Dagenham Council, chose the contractor for the £142m Gascoigne Estate job.  Phase 3B of the scheme will…

Industry stalwart James Wates is to step down as chairman of the Wates Group – to be replaced by his cousin. The firm, which featured in the top 10 of the CN100 with a turnover of £1.5bn in the 12 months to 31 December 2021, has announced that Tim Wates…

Wates has been confirmed as the contractor for the construction of a £450m gigafactory – its highest-value project to date. Client Envision AESC announced a year ago that Wates had a design role on the electric-vehicle battery plant, and the contractor has now started construction work. The gigafactory, which is…

Wates Construction has appointed Paul Griffin as its commercial director. Griffin returns to the construction firm after spending four years at housing association specialist London Project Consultants. He started his career at Wates as a commercial trainee more than 20 years ago, and in his new role will drive strategy…