Turnover at Winvic Group edged down 1% to £1.003 billion in the year to January 2026, following the previous year’s peak. Pre-tax profit also fell to £30 million from £32 million, while operating margin dropped to 2.5% from 2.8%.
Despite the weaker result, Winvic said it was well placed to return to growth. The contractor has a £1.68 billion forward order book, with 85% of its forecast 2026/27 turnover already secured.
Winvic expects revenue to increase slightly to £1.06 billion this year. The group also increased its workforce by around 11% to 650 employees.
The contractor is targeting further growth in civils through highways frameworks, as well as opportunities across rail, water and energy.
During the year, Winvic completed 31 building projects and 42 National Highways Scheme Delivery Framework jobs. It also started 34 new projects and 16 additional SDF schemes.
Industrial and logistics remains Winvic’s largest market. The group completed 23 projects and started 22 during the year.
Winvic has now delivered 110 million sq ft of industrial space. It is also expanding into the growing data centre market through a dedicated sector team.
Multi-room developments remain another important area of work. However, Winvic said Building Safety Act requirements and Building Safety Regulator approvals continue to delay project decisions and programmes.
During the year, the contractor completed five build-to-rent and student accommodation schemes, delivering 3,161 homes and beds. It also secured six further contracts covering 4,228 homes and beds.
Cash remained strong at £110 million, although this was down from £125 million the previous year. Net assets also fell to £64.7 million from £74.9 million after the group paid £32 million in dividends.