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Willmott Dixon on verge of becoming £1bn firm

Willmott Dixon is on the verge of becoming a £1 billion company after the firm’s latest results revealed a 69 per cent growth in turnover.

The group’s results for the year to 31 December 2009 showed turnover of £998.9 million compared to £592.4 million.

Pre-tax profit rose by 52 per cent to £18.2 million from £12 million in 2008.

Group chairman Colin Enticknap said: “In scale terms,we are now positioned amongst the UK’s Top Ten in our sector, and amongst the Top Three when compared against those privately owned.”

During 2009 Willmott Dixon successfully re-structured the company around a three division delivery model – namely CapitalWorks, Regeneration and Support Services.

Chief executive Rick Willmott said: “Despite the pitiful state of the national economy, I am delighted to report that as an organisation, and against all the odds,we have achieved the critically important feat of maintaining forward momentum.”