Wates

A five-strong coalition of UK housing associations has appointed more than 100 firms to a £1.48bn framework to retrofit homes for energy efficiency.  The Greener Futures Partnership (GFP) – whose members Sanctuary, Hyde, Home Group, Anchor and Abri operate a combined total of around 300,000 homes – has named 107…

Wates has paused work on a high-rise site in Havering over what it has called “continued regulatory uncertainty” over the requirement for two staircases on all new residential buildings over 30 metres. The contractor had been developing the Waterloo and Queen Street site in Romford in a joint venture (JV)…

Tim Wates has taken over as the new chairman of Wates – as his cousin Sir James Wates stands down after 10 years. Tim, who joined the Wates Group in 1993, takes over after Sir James Wates announced he would be stepping down from the role in January. James Wates…

Former Wates chief executive David Allen was paid £992,000 in “compensation for loss of office”, Construction News can reveal. Allen joined Wates as chief financial officer in 2016, before stepping up to chief executive in 2018. He departed suddenly last summer, leaving Philip Wainwright to head the company as interim…

Wates rose 13 places to the top of the contractors' league table in March by securing £418m worth of contracts from a total of 14 projects, including two major housing deals. According to data gathered by construction intelligence provider Glenigan, one big factor behind Wates topping the table is a…

Wates expects to turn over £2.1bn in 2023 and is targeting further ultra-high-value gigafactory projects, its bosses have told Construction News On Thursday (30 March) the contractor and developer reported a record turnover of £1.89bn – a 36 per cent increase from two years earlier – and revealed that it…

Kier Places and Morgan Sindall Property Services have been named among 10 partners on a major upgrade programme with L&Q. The housing association has signed 15-year contracts with 10 partners worth up to £300m per year for its major works investment programme. The contracts will see the companies deliver a…

Wates made a pre-tax profit of £33.7m in 2022 from a record turnover of £1.9bn. The family-owned contractor, which is based in Leatherhead, Surrey, had a forward order book of £8.35m at the end of the calendar year with net cash of £153m. Its turnover rose by 16 per cent…

Wates has appointed the head of a marine engineering company as its new chief executive. Eoghan O’Lionaird, CEO of FTSE-listed James Fisher and Sons, will take over at the contractor on 20 February. The 56-year-old has also worked in executive roles at companies including Philips, high-tech equipment and software firm…

Wates questioned the scope of post-Grenfell safety remediation work on Camden Council’s Chalcots Estate before the firm was removed from the job, Construction News can reveal. Documents disclosed to CN show that more than a year before the contractor was taken off the site, a member of its team pressed…