Wates profit falls 94%

By Daniel Gayne2025-04-08T11:57:00

Firm says fall is due to one-off pension transfer, investments and housebuilding cost pressures

Wates’ statutory pre-tax profit dropped to £2.6m last year, a huge 94% drop on the £44.9m reported the year prior.

Compared with the statutory number, the family-owned construction firm reported a relatively more modest decline in its underlying profit figures for the year to 31 December 2024.

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