North Wales developer booms as backs up its 'fastest growing' tag
A Denbighshire-based construction firm's five-year strategic growth plan is on the right track after turnover increased by more than 25%. Wynne Construction announced revenue reached £91million in the 12 months to July 31, 2024, a figure which is up from £71m in the previous financial year.
Pre-tax profits increased from £2m to £2.3m. The Bodelwyddan-headquartered company's latest accounts underlined why it was named one of the 50 fastest growing businesses in Wales during 2024.
As recently as 2022, turnover was hovering around the £33m mark. Wynne has also carried out key improvements including environmental enhancements to its Charles House headquarters as it bids to futureproof the building as well as boost potential growth opportunities.
A new management suite has been created, featuring state-of-the-art video conferencing facilities and new offices, as part of a second-story extension at Kinmel Park.
Wynne Construction managing director Chris Wynne said: 'We are well-positioned for further sustainable, disciplined progress, which has always been our long-term vision for the business, our employees, and the supply chain.
(Image: Outwrite)
'Our main focus area remains sustaining long-term client relationships, and coupled with our growth plans, is key to winning contracts, attracting and retaining talent, and developing an enviable reputation.'
Wynne is working on multi-million-pound schemes including Sunnyside Wellness Village in Bridgend, Haverfordia House apartments and reablement centre in Haverfordwest, and a new leisure centre in Newport.
It's also building the Enterprise, Engineering, and Optics Centre (EEOC) for Wrexham University, Pontllanfraith Centre for vulnerable learners in Caerphilly, and a new school on Wrexham Road in Chester.
With a £72m year-end order book, the company is relishing the future, with Chris adding: 'The strength of our project pipeline is of great pride.
'We will, however, not rest on our laurels, especially given the landscape of many sectors within the country, not least the construction industry and the rising costs of material and increased demand for modern methodology. We are committed to sustainability, and by embracing innovative techniques we are consistently driving forward as a business.'
Wynne Construction was named one of the top 200 in the UK Fast Growth Index for 2024, the programme which identifies the fastest-growing companies in seven regions and nations in the UK.
As one of the 350 firms identified, Wynne contributed to the 2024 UK Fast Growth Index's collective turnover increase of £9.6billion between 2021 and 2023 and the creation of 24,000 new jobs in two years. Sign up now for the latest news on the North Wales Live Whatsapp community
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