Contractor warns of government spending cuts in 2010 as it boosts market share outside public sector
Willmott Dixon boosted turnover by 43% from £413.5m to £592.4m in 2008.
The contractor, which does 70% of its work in the schools and higher education market, boosted pre-tax profit by 18% from £10.1m to £11.9m.
Including the contribution from social housing firm Inspace, which the company took private last year after floating on the stock exchange in 2005, turnover was £839m.
Despite the strong performance, Colin Enticknap, the chairman, said there were concerns about government spending beyond the middle of 2010. He said: “Efforts have therefore already begun to build market share in other sectors, retail and leisure being two good examples.”
The company ended the year with net assets of £29m.
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