CONTACT US ABOUT US SERVICES NEWS INSIGHTS CAREERS FINANCIAL INFORMATION: 2020 ANNUAL ACCOUNTS AND REPORTS 2020 HIGHLIGHTS FINANCIAL LIBRARY Wates poised to grow with record forward order book and rising net cash balance 2020 RESULTS DEMONSTRATE GROUP'S RESILIENCE AND ADAPTABILITY READ THE PRESS RELEASE Highlights Industry-leading health and safety performance, with a RIDDOR AFR of 0.038 and accident incidence rate 67% below the construction industry average (as reported by HSE) 81% of all energy demand from renewable sources with 56% reduction in energy consumption 26.8 million hours worked with 713 sites under construction during the year Record order book of £6.6bn, up 13.5% from 2019 Cash at £215.9m, up 52% from 2019 Net cash of £161.6m (up £50.8m or 45.8% on 2019) £1.8bn in new work secured from onset of pandemic (£2.4bn won during 2020 as a whole) “The pandemic challenged us to work in different ways and to adapt. We reorganised our business to focus on helping to tackle the UK’s housing shortage, supporting the public sector to build back better and investing in the modern methods of construction that will enable us to meet our customer’s needs in the future. Together, we have set the business up to succeed and we remain committed to our goal of becoming the most sustainable, trusted and progressive business in the sector.” DAVID ALLEN CHIEF EXECUTIVE, WATES GROUP 2020 ANNUAL ACCOUNTS AND REPORTS DOWNLOAD Related news articles Wates Group commits to zero waste and carbon from operations by 2025 13 JANUARY 2020 The Wates Group has today committed to eliminating waste and carbon from its operations by 2025, well ahead of the Governments own environmental targets. The company has committed to three bold targets to help ensure it does zero harm to the environment… READ MORE Wates plan commits to doubling of female representation by 2025 Wates Group has signalled its intention to dramatically improve the gender balance of the workforce at all levels, with women accounting for 40% by 2025. READ MORE Guiding Framework CAMPAIGN Our Guiding Framework defines the Purpose that motivates us, the Goals we are working to achieve and the Behaviours we expect of ourselves and each other. Watch our video below to find out what the Guiding Framework means to us. READ MORE Wates Group credentials 2020 PUBLICATION Together with everyone involved in what we do, we aim to inspire better ways of creating the places, communities and businesses of tomorrow. Find out more in the 2019 Group credentials. FIND OUT MORE 2019 Year in Review VIDEO 2019 was a successful year for the Wates Group, with strong financial results, new clients won, major landmark projects completed and more to support the communities in which we work. WATCH THE VIDEO Our 2019 performance ANIMATION We have created a video animation profiling our 2019 achievements and performance. WATCH THE VIDEO © Copyright Wates 2021 To find out more about the cookies we use, see our Website Privacy Policy. Settings Yes, I agree