Welsh builder ‘explores flotation’
After more than 200 years in family ownership, Welsh building contractor Watkin Jones is exploring a stock market flotation, according to a newspaper report.
The Sunday Times reports that Watkins Jones has appointed Zeus Capital to advise on next steps.
Managing director Mark Watkin Jones is the ninth generation member of the family to run the company that was founded in 1791 by carpenter Huw Jones.
The company describes itself as one of the UK’s leading developers of student accommodation, having developed more than 25,000 student units in recent years. Its construction clients also include Tesco, Asda and Whitbread.
In 2014 Watkin Jones had annual sales of £179m and pre-tax profits of £15.5m. Corporate health analyst Company Watch gave it a very healthy score of 79 out of 100 in an analysis of the commercial building sector for The Construction Index last year. The sector average was just 49.
The Sunday Times put the value of the business at £250m to £300m but was unable to get confirmation for its report from either Watkins Jones or Zeus Capital.
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This article was published on 25 Jan 2016 (last updated on 25 Jan 2016).