Expanding Winvic forecasts £650m turnover by 2019

Aaron Morby 4 months ago
Share

The country’s leading shed builder is reaping the benefits of a move into student room and private rental accommodation projects.

Winvic has topped out its Fairfax Street 1,200 room student scheme in Coventry

Northampton contractor Winvic has expanded its multi-room building business with five projects of £20m-£45m value in the Midlands.

An increase in project size in its traditionally strong industrial market has also helped to raise turnover 5% to £485m, generating a 10% uplift in pre-tax profit to £31m in the year to 30 January 2018.

The firm now boasts an operating margin of 6.4% from a staff headcount of around 200 employees.

Managing director Simon Girardie said: “The group’s prospects look very positive got 2018 with a forward order book of £590m with a pipeline of secured contracts across our five key operating sectors, including £110m within multiroom.

“We are confident of another good year and we envisage our financial year ending January 2019 will produce a consistent growth in turnover forecasted at £650m.”

He added that the group’s key industrial market would remain a core sector amid a trend towards larger projects and multiple unit contracts.

“With the ever-increasing demand for consumer delivery services, we expect to remain the leader in the industrial market, increasing the number and value of projects from both new and repeat business clients.”

Over the year net cash rose by around 40% to £76m

Latest news

O’Rourke finally seals UK construction finance deal

Latest accounts reveal pre-tax losses of £43.6m
2 hours ago

April start for Balfour £55m Plymouth link road

Forder Valley Link Road project given £22m of Government funding
3 hours ago

Galliford Try bags £275m Ealing council HQ scheme

Mixed-use West London scheme also includes a library and 470 homes
10 hours ago

Amey Rail appoints former Carillion MD as new chief

Andy Joy promoted to head expanding rail business
9 hours ago

£5.5bn spent on HS2 before any construction started

One tenth of budget spent - agency staff earning £128,000 a year
18 hours ago

Amey in talks to exit Birmingham highways PFI

City council and Amey reported to be close to agreeing PFI exit settlement
8 hours ago

Battle starts for £5bn London major works framework

Over 23 firms aim to retain places on London council framework for five years
18 hours ago

Plans in for UK’s largest modular council homes project

United Living will erect 28-home offsite scheme in Leeds
18 hours ago

Worker killed in 14 metre fall through temporary platform

Rydon and subcontractor fined total of £860,000 after fatal plunge
19 hours ago

Boost your online presence – join the Enquirer Directory

New site for suppliers and buyers showcases products, services and latest stories
10 months ago

Aberdeen bypass to fully open on Tuesday

Last section of the Aberdeen Western Peripheral Route finally accepted by Transport Scotland
19 hours ago

Briggs & Forrester targets M&E fast fit-out sector

Group CEO Paul Burton plans further expansion in next two years
18 hours ago

Laing O’Rourke director killed in car crash on way to work

Tributes to Caroline Blackman who died early on Wednesday morning en route to Hinkley
4 days ago

Kier cutting jobs on Highways England contract

More than 100 workers facing redundancy across Midlands Area 9
4 days ago

Buckingham confirmed for £120m Swansea arena

Six months of pre-construction work to now get underway
4 days ago

Two North West smart motorway projects delayed

Costain and Galliford Try jobs put back by more than a year
4 days ago

Lendlease wins £8bn Thamesmead development

Morgan Sindall beaten in race for 11,500 home site
4 days ago

Government pledges £80m for Dawlish sea wall project

South Devon railway sea wall will be rebuilt and increased in height by 2.5m
4 days ago

30 jobs lost as Yorkshire precast firm collapses

Rippon-based Ebor Concretes placed in administration
4 days ago

Go-ahead for 200-home Cardiff build-to-rent scheme

Work to start on central Cardiff scheme this summer
5 days ago

Balfour renews £220m London Tube track upkeep

Four-year term will start in April with option to extend by six years
5 days ago

Bouygues paid £21m not to build Garden Bridge

Transport for London documents detail £53.5m wasted on doomed crossing
5 days ago

Government signs off £250m for major housing projects

Deal to release £157m for housing infrastructure in Cumbria and Devon
5 days ago

Beetham Tower owner faces £4m reclad bill

Owner will have to foot remedial facade works bill in wake of Carillion collapse
5 days ago

WYG profit warning sees share price crash 40%

Consultant back in talks with lenders over breaching banking covenants
5 days ago

United Living hires former Wates business director

Michael Holling takes role as northern and Midlands operations director after 24 years at Wates
5 days ago

Union demands death benefits for all construction workers

Unite says lack of employer-paid cover should be as unacceptable as not wearing a hard hat on site
5 days ago

Scaffold collapse on school misses kids by metres

Court hears how untied scaffold fell into Welsh school
6 days ago

Galliford Try construction hit by more Aberdeen bypass losses

Another £26m hit on bypass plunges construction into red in first half
6 days ago

Council terminates Lakehouse school contract

Willmott Dixon takes over site hit by "performance and project delays"
6 days ago

Contractor services