Contractor sees profits rise by 55%
Contactor Willmott Dixon has recorded “positive” financial results for 2018.
The company saw turnover rise by £54m to £1.32bn, while profit before tax rose by 55% to £37.5m.
The figures were bolstered through the significant levels of activity in the Midlands, with Willmott Dixon delivering landmark developments including a new gateway into Lincoln through the £30m Lincoln Transport Hub, which has since been awarded the top accolade in the Infrastructure category at the East Midlands RICS Awards.
Nick Gibb, deputy managing director for the Midlands, said: “These results are a significant indication of the strength of the current market and the opportunities that exist for the right construction partner. We have delivered – and are continuing to deliver – some truly ground-breaking projects across the Midlands, working alongside customers and our trusted supply chain and design partners.”
Since the start of the year, the company has also started on-site to deliver a number of housing schemes in the region including 59 new homes in Gipton and Osmondthorpe and schemes to build over 300 homes in Rotherham and Doncaster.
Willmott Dixon has also started work in Nottingham to deliver the expansion of Nottingham Science Park, which will provide 22,700 sq ft of Grade A office space for businesses looking for research and development facilities near like-minded organisations.
Gibb added: “While the construction market remains challenging, our current pipeline of high-profile projects is a testament to the tireless dedication of our incredibly talented people and the calibre of work that we deliver.”
