Willmott Dixon turnover and profit rises despite housing woes

摘要

Willmott Dixon group chief executive Rick Willmott has described 2014 as an "annus horribilis" for the firm's residential housing business, despite turnover and profit rising at the group as whole. Writing in the firm's annual report, Willmott admitted the business had "struggled to close out what have, industry wide, become known as legacy' projects" as the firm and its suppliers "battled against rampant cost inflation and resource shortages" However, Willmott Dixon's overall results for the year ended 31 December 2014 saw pre-tax profit rising by £10.1m to £26.1m, and turnover increasing 24% to £1.26bn from £1.02bn in 2013.