Watkin Jones returns to trading profit

Multi-storey contractor Watkin Jones has returned an operating profit after last year’s plunge to a £38m trading loss.
But £7m of further provisions for building safety works scope changes eroded the £3.6m trading profit to a reported pre-tax loss of £300,000 in the year to September 2024.
Alex Pease, chief executive officer of Watkin Jones, said the investment market was now showing signs of recovery after a challenging year, which saw revenue slide 14% to £3