Our 2019 Annual Accounts and Reports
The Wates Group has reported increased turnover, profits and cash reserves for the year ending 31 December 2019.
Turnover increased to £1.63bn (up 2.1%), while profit before taxation was £36.2m (up 0.8%). The Group maintained strong cash balances throughout 2019, finishing the year with £142.2m, an increase of 25% on 2018. In extending its bank facilities to £120m, the business secured a significant endorsement and valuable backing from all three of its banks.DOWNLOAD