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Willmott Dixon profits hold up thanks to contract selection

Willmott Dixon profits hold up thanks to contract selection

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https://www.theconstructionindex.co.uk/assets/news_articles/2024/01/1704264816_graham-dundas-and-rick-willmott-mid-res.jpg
Chief executive Graham Dundas (left) and chair Rick Willmott
Chief executive Graham Dundas (left) and chair Rick Willmott

As a privately owned business, there is no requirement for  Willmott Dixon to public interim results, but it has chosen too nonetheless.

They show that in the six months to 30th June 2025 turnover was down 2% at £548.1m (2024 H1:  £561.1m) but pre-tax profit remained at £10.0m (2024 H1: £10.0m).

The company said that a selective bidding approach had enabled it to maintain healthy margins.

At the end of the period the cash position had improved to £122.0m, from £109.3m a year before, and the business remains debt-free.

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Chief executive Graham Dundas said: “Willmott Dixon’s solid first half performance demonstrates our excellent operational performance and the resilience and quality of our order book. Our continued focus on operational excellence and smart contract selection underpins the strong profit performance and cash position across the group. 

“Looking forward, the scale of opportunity ahead of us is particularly exciting, as our market-leading position in key sectors pays dividends. With over £1bn of pre-construction work ready for conversion to main contracts and our record £700m+ framework turnover this year, we’re well positioned for sustained growth.”

Contract wins during the first half of 2025 included:

  • £48.8m School of Business and Management redevelopment at Queen Mary University
  • £32m Doncaster Gateway One office development
  • £12m glazing upgrade at the National Maritime Museum
  • and town centre regeneration schemes in Great Yarmouth, Dover and Darlington.

Dundas concluded: “While market conditions remain competitive, our strategic positioning is strong. We enter the second half of 2025 backed by strong financials, a record pipeline, market-leading positions, and a clear strategy for capitalising on the significant opportunities ahead.”

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