Wates Group annual results show record turnover amid big investment drive.
The Group reports its financial performance in its annual reports and accounts, published each March. Our most recent accounts for the year ended 31 December 2024, are available to download below.
£2.4bn
Turnover (2024)
£8.64bn
Record forward order book (2024)
£395m
Social value generated (2024)
92.9%
of electricity purchased from renewable sources
2024 ANNUAL RESULTS
Wates exceeds £2 billion turnover
For our last financial year (2024) we reported a profit of £31.4m on our highest ever turnover of £2.4bn, up 9.9% on 2023 with a record forward order book of £8.64bn.
This year’s results represent a robust performance in difficult market conditions, with 2024 marking the 25th year in a row in which the Wates Group has been profitable.
We are proud to be a 100 per cent UK family-owned business. With our new purpose at the heart of everything we do, we have an excellent foundation on which to build continued sustainable profitable growth.
The business ended the year in a strong position with a solid cash balance and a positive tangible net worth. Importantly, we are proud of the excellent relationships we have built, with much of our work delivered for repeat customers.
Our forward order book also demonstrates the confidence that our customers have in us to deliver projects of all types and sizes – and 2024 has seen more large projects won and delivered across our business divisions.
I would like to extend my thanks to all our colleagues, customers, partners and supply chain for their hard work to make our continued success possible.”
Eoghan O’Lionaird
Chief Executive, Wates
FINANCIAL LIBRARY
Annual Reports & Accounts and Company Credentials
2024 Annual Reports and Accounts
23 MB pdf
2023 Annual Reports and Accounts
18 MB pdf
2023 Group Credentials
2 MB pdf
2022 Annual Reports and Accounts
15 MB pdf
2022 Group Credentials
8 MB pdf
2021 Annual Reports and Accounts
28 MB pdf
2021 Group Credentials
3 MB pdf
2020 Annual Reports and Accounts
9 MB pdf
2020 Group Credentials
2 MB pdf
2019 Annual Accounts and Accounts
4 MB pdf
2019 Group Credentials
5 MB pdf
2018 Annual Review and Accounts
9 MB pdf
2018 Group Credentials
1 MB pdf
2017 Annual Review and Accounts
10 MB pdf
2016 Group Credentials
10 MB pdf
2016 Annual Review and Accounts
26 MB pdf
2016 Facts and Figures
26 MB pdf
2015 Annual Review and Accounts
8 MB pdf
2014 Annual Review
17 MB pdf
2013 Annual Review and Accounts
8 MB pdf