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.

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 £m994
Profit £m17
Year endDec 14
Principal shareholdersWates family (100%)

If applicable:

* Supplied by company † Annualised figure