Shed specialist doubles profit

Distribution centre construction specialist Winvic has more than doubled its pre-tax profit from £9.6M to £22.8M.

The firm said it is now targeting turnover of more than £500M this year after revenues jumped by over 80% to £418M, in the year to January 2016.

The Northampton firm, which was set up in 2001, has grown rapidly in the last two years on surging demand for steel-framed industrial and distribution warehouse construction.

Since 2014 sales have jumped from £135m and the firm now delivers an operating margin of 5.2%.

Winvic recently completed a huge distribution centre in the East Midlands for Amazon.

Winvic Managing Director Simon Girardier said: “The occupier led industrial and distribution opportunities would appear to remain strong, whereas speculative development is always subject to varying conditions.

“Our capability for large scale civil engineering, earthworks and infrastructure projects allows us to construct a number of new developments throughout the year.”

He added that Winvic would also look towards retail projects for future growth after securing the Rushden Lakes (pictured) retail scheme in East Northamptonshire this year.

“Our sectors of operation will broaden and we will look to secure work in the out of town retail sector.
“This type of work matches our skillset and can be accommodated comfortably within our existing infrastructure,” he said.