Winvic breaks £1bn turnover as profit jumps 70%

Aaron Morby 4 hours ago
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Shed and multi-room building contractor Winvic has broken through the £1bn sales barrier and delivered thicker margins as its three-pillar business in logistics, multi-room and civils continues to deliver.

Winvic is setting its sights on the surge in data centre planned projects in the UK
Winvic is setting its sights on the surge in data centre planned projects in the UK

Turnover rose 6% to £1,017m for the year to 31 January 2025, while pre-tax profit jumped to £32m from £19m.

Operating margins improved to 2.8%, up from 1.7% in the previous year helped by tighter project controls and a stronger mix of work.

Chief executive Simon Girardier said: “We are proud to have broken the £1bn mark while strengthening margins and cash. Our strategy of early engagement, supply chain collaboration and investing in our people is paying off.

“With a £1.24bn order book and nearly £1.9bn pipeline, we are confident of sustaining this growth.”

Cash at bank climbed a third to £126m with Girardier forecasting turnover to rise again to £1.25bn in the current year.

Winvic said it was now eyeing big data centre schemes as a logical next step off the back of its logistics know-how.

The year also saw Winvic mark several milestones: 100m sq ft of industrial space completed since formation, 10,000 BTR and PBSA beds handed over in one year, and 100km of highways delivered or maintained.

Its first BSR Gateway 2 approval was secured on a multi-room scheme, easing bottlenecks in the resi pipeline.

On civils, Winvic took on 66 allocations under National Highways’ Scheme Delivery Framework, added further local authority work under the Lincolnshire Select deal, and moved into later phases of major SRFIs for SEGRO and West Midlands Interchange.

Girardier added that the group remained alert to risks from the Building Safety Regulator process and supply-chain pressures.

“By bringing our delivery teams in earlier, training supervisors, and raising pre-qualification standards, we’re reducing risk and giving clients confidence that projects will move smoothly through approvals,” he said.

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