This construction firm is chaired by James Wates, 55, the fourth generation of the founding Wates family, and run by Andrew Davies, 51, who joined as chief executive in 2014. Wates specialises in construction and refurbishment projects covering a wide range of buildings, from prisons and affordable homes to schools and shops. Having lifted sales to nearly £1bn in 2014, it plans to double in size, partly helped by acquisitions. In November, it acquired maintenance specialist Purchase Group for an undisclosed sum. Wates’s recent projects include the £30m Aerospace Research Centre in Coventry, which was completed in January.
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