Winvic has reported a strong set of results with turnover rising 6% to £1.02bn for the year ending 31 January 2025, breaking through the £1bn milestone. Pre-tax profit surged to £32m, up from £19m last year. Reports Contract Journal
Operating margins improved to 2.8%, compared with 1.7% previously, driven by tighter project controls and a stronger mix of work.
Chief executive Simon Girardier said:
“We are proud to have surpassed the £1bn mark while enhancing both margins and cash. Our strategy of early engagement, supply chain collaboration, and continued investment in our people is delivering results.
“With an order book of £1.24bn and a pipeline approaching £1.9bn, we are confident of sustaining this growth.”
Cash reserves also strengthened, climbing by a third to £126m. Girardier forecast turnover to rise again to £1.25bn in the current financial year.
Looking ahead, Winvic said it is targeting major data centre schemes as a natural progression from its established logistics expertise.
The past year also saw the firm achieve a number of key milestones: completion of 100m sq ft of industrial space since its formation, handover of 10,000 BTR and PBSA beds in a single year, and delivery or maintenance of 100km of highways.
Winvic also secured its first BSR Gateway 2 approval on a multi-room scheme, helping to ease pressure in the residential pipeline.
On the civils side, the contractor took on 66 allocations under National Highways’ Scheme Delivery Framework, extended its local authority work through the Lincolnshire Select deal, and advanced into later phases of major SRFIs for SEGRO and West Midlands Interchange.
Girardier added that the group remains vigilant to risks arising from the Building Safety Regulator process and ongoing supply chain pressures.
“By bringing our delivery teams in earlier, training supervisors, and raising pre-qualification standards, we’re reducing risk and giving clients confidence that projects will move smoothly through approvals,” he said.
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