Financial Information | Wates

The Wates Group has reported increased turnover, profits and cash reserves for the year ending 31 December 2019.

Wates strengthens position with increased profits and cash reserves

Read the press release

Key figures include:

  • Turnover at £1.63bn, an increase of 2.1% (2018: £1.601bn)
  • Profit before taxation up 8% to £36.2m (2018: £35.9m)
  • £142.2m cash balance, up 25% on 2018
  • Net assets up 2% to £152.4m (2018: £135.8m)
  • Significant endorsement secured during the year from an expanded group of banks, with a funding line increased from £87m to £120m
  • Record order book of £5.9bn, up 9.2% (2018: £5.4bn)
  • EBITDA of £48.8m, up 6% (2018: £48m)

Watch our animated video of our 2019 performance highlights
"The Wates Group's financial performance in 2019 was excellent. We ended the year in a position of substantial financial strength, with significant cash reserves and the support of our banks."
David Allen
Chief Executive, Wates Group
2019 Annual Accounts and Reports

2019 Annual Accounts and Reports

Annual Reviews & company credentials

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