Winvic doubles profit and turnover soars
‘Shed’ specialist Winvic has enjoyed a surge in revenue and profit as demand in the industrial sector continues to boom.
Turnover grew 83% to £417.7m (2015: £227.7m), while pre-tax profit more than doubled to £21.9m (2015: £9.7m).
The Northampton contractor, which was formed in 2001, describes itself as the market leader in the industrial ‘shed’ sector. It also operates in the student accommodation, retail and leisure sectors. Services delivered in house include fit-out, building services and civil engineering.
“The strength of the industrial sector continued to provide numerous and varied opportunities,” said managing director Simon Girardier. “Winvic Group retained and grew its position as contractor of choice for a number of blue chip clients and household names.
“Our ability to deal with fast-track programmes, phased handovers and change management provided project certainty to meet demanding ‘go live’ dates.”
Winvic expects market conditions to remain strong in the occupier-led industrial and distribution sector.
“Our capability for large scale civil engineering, earthworks and infrastructure projects will allow us to commence a number of new developments,” said Girardier.
“Our sectors of operation will broaden and we will look to secure work in the ‘out of town’ retail sector. This type of work matches our skill set and can be accommodated comfortably within our existing infrastructure."
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This article was published on 31 Oct 2016 (last updated on 31 Oct 2016).