Bigger projects help Wates hit record turnover

Wates Group saw turnover hit a record high of £1.89bn in 2022 from £1.63bn last time delivering a pre-tax profit of £33.7m across the business.
The revenue jump was helped by a focus on larger projects at the main construction division where the average project size hit its highest ever level of £43m.
The year also saw Wates sign its largest ever construction deal at the £500m Envision AESC Gigafactory in Sunderland which will make batteries to meet the growth in de