Wates specialises in construction and refurbishment projects covering everything from prisons to shopping malls and affordable homes to retail developments. New school buildings are a key area of growth. The Surrey-based company is still owned by the Wates family, who founded the business in 1897. Under Paul Drechsler, chairman and chief executive, the group reported sales of £904m in 2009, along with growth in profits for the second successive year.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2010
Rank50
CompanyWates
ActivityConstruction contractor
LocationSurrey
Sales £m904
Profit £m40
Year endDec 09
Principal shareholdersWates family (100%)
Staff2,118
Founded1897
Websitewww.wates.co.uk

If applicable:

* Supplied by company † Annualised figure