October 23, 2016 8:30 PM ET

Construction and Engineering

Company Overview of Wates Group Limited

Company Overview

Wates Group Limited provides construction services to public and private sector clients in the United Kingdom and internationally. It designs, develops, builds, refurbishes, and maintains education, retail, public sector, affordable housing, residential, and industrial and commercial projects. The company also offers property, engineering, residential property development, and property rental services. Wates Group Limited was founded in 1897 and is headquartered in Leatherhead, the United Kingdom.

Wates House

Station Approach

Leatherhead,  KT22 7SW

United Kingdom

Founded in 1897

3,667 Employees


44 13 7286 1000

Key Executives for Wates Group Limited

Chief Executive Officer and Director
Age: 52
Chairman, Chairman of Nominations Committee and Member of Remuneration Committee
Age: 55
Chief Financial Officer, Company Secretary and Director
Managing Director of Wates Smartspace
Age: 50
Managing Director of Government Affairs and Group Strategy Director
Compensation as of Fiscal Year 2016.

Wates Group Limited Key Developments

Wates Group Wins GBP 20 Million Multiple Awardees Contract for Contractors Services

Wates Group Ltd. won a GBP 20 million (initial estimated total value excluding VAT) multiple awardees contract award from Thirteen Housing Group Ltd. to provide contractors services (Housing - new build works: Call Off Contract value of over GBP 7.5 million) (Contract Award Notice No.: 2016/S 160-289835; Lot No.: 3).

Wates Announces Management Changes

A former Crossrail and Laing O'Rourke finance director has been named Wates' new chief financial officer. David Allen takes up the role of chief financial officer and company secretary at Wates, and will succeed Huw Davies who has retired after ten years with the contractor. Allen joins the firm with immediate effect from Crossrail, where he had been finance director since March 2009.

Wates Group Announces Management Changes

Wates Group announced that it has appointed David Allen, Crossrail's Finance Director, as Chief Financial Officer and company Secretary with effect from January 4, 2016. Joining the company Board, Allen will succeed current CFO and Company Secretary, Huw Davies, following his decade-long tenure in the position. Under Davies' stewardship, the financial performance of the company has remained robust throughout some of the most challenging economic conditions the construction industry has experienced. Davies will leave the company at the end of March 2016. David Allen is currently Crossrail's Finance Director. He joined Crossrail in March 2009 from Laing O'Rourke, where he was Finance Director for their European Construction business. With over twenty years' experience in finance, Allen, who is a Chartered Accountant, joins the company's Board as the Group continues to roll out an ambitious growth plan to increase turnover two-fold to GBP 2 billion.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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