Turnover and profits are up at CWC Group
A MAJOR property company headquartered in Derbyshire has reported record annual turnover and profits.
CWC Group, based at Ednaston, near Ashbourne, recorded a turnover of £104.9 million last year, up from the £93.2 million it achieved in 2017.
And in terms of operating profit, the firm made £32.4 million – an increase on the £30.4 million made the previous year.
Overall turnover and profitability at CWC Group, which is one of the UK’s largest privately owned property groups, has more than doubled in the last five years.
To date, the group owns more than 3,000 acres of land and 15,000 residential plots in 130 development sites across the country, as well as more than 50 office and business parks and a number of larger mixed-use sites.
The company recently moved to new offices following a multi-million-pound investment in the former St Mary’s Nursing Home at Ednaston.
CWC Group occupies 5,500 sq ft of space in the refurbished Ednaston Park building, while the remaining 12,500 sq ft has been turned into class-leading serviced office space.
David Clowes, chairman of the CWC Group, said: “Our latest financial figures tell a compelling story of robust management and cautious investment by the group. To have more than doubled our turnover and profitability over the past five years is testament to the hard work of our professional team and a vote of confidence from the market in our company’s direction and ethos.”