In 2016 Wates built 646 homes, started on 1,443 residential units and maintained 500,000 properties. Its sales grew 20% to £1.4bn with profits of £27m; including joint ventures, profits were £45m. Wates started 2017 with a £3.6bn order book – its current projects include a £40m rebuild of the Royal College of Surgeons and a £21m training facility for BAE Systems Submarines. Chairman James Wates, 57 – a fourth-generation member of the founding family – and chief executive Andrew Davies, 53, lead the company.

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
ActivityConstruction contractor
Sales £m1,442
Profit £m27
Year endDec 16
Principal shareholdersWates family (100%)

If applicable:

* Supplied by company † Annualised figure