Its report on 2017-2018 financial results, Weston Group announced pre-tax profits of 拢35.2m 鈥� up 54.9% year on year, forward sales of 拢248m from 954 units and 拢28m of new investment in infrastructure, logistics and staffing to facilitate the expansion. Total revenue for the year was 拢257.1m, up 29.4%.
Weston Group has now expanded to have four operating divisions: Weston Homes, the residential development business; Weston Business Centres, the serviced offices division; the environmental consultancy business and Weston Logistics, the group鈥檚 newly launched, 40-staff, logistics and plant hire 产耻蝉颈苍别蝉蝉.听
The Group says that this year鈥檚 financial results are significantly up on 2017 and that it anticipates further growth in 2019. It is operating on a 24.3% margin.
The company, which was established in 1987, employs over 460 people.
Bob Weston, chairman and CEO of Weston Group, said: 鈥淥ur plan is for the group to double in size over the next five years and we have a development pipeline of 6,000 new homes with a completed value of 拢2 billion. In order to facilitate this growth the group is injecting 拢28 million in new investment into the business in the form of upgraded infrastructure, a new HQ and logistics warehouse and more staff employment and training.鈥�
The firm has started construction on a new 49,000 sq ft head office in Stansted. In addition, Weston Logistics has opened a new 75,000 sq ft automotive-industry-style Distribution Centre near its head office in Stansted and has invested 拢1.5m on recruiting and training new people.
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