Contractor warns of government spending cuts in 2010 as it boosts market share outside public sector

Willmott Dixon boosted turnover by 43% from 拢413.5m to 拢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 拢10.1m to 拢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 拢839m.

Despite the strong performance, Colin Enticknap, the chairman, said there were concerns about government spending beyond the middle of 2010. He said: 鈥淓fforts have therefore already begun to build market share in other sectors, retail and leisure being two good examples.鈥�

The company ended the year with net assets of 拢29m.

Topics