CEO Succession

On Monday, the Group reported strong results for FY17, with excellent earnings visibility and the full statement can be found on the website.

It is, however, with regret that Mark Watkin Jones has notified the Board of his intention to stand down as the Group’s Chief Executive Officer once a suitable successor has been appointed, following an orderly handover period.  For personal reasons, Mark is not able to undertake a full time executive role over the longer term and he and the Board believe that it is in the Group’s best interests to recruit a successor.

The Board will initiate a formal search process to identify a new Chief Executive Officer.  The Board is keen to retain the benefit of Mark’s valuable knowledge and experience and the intention is that, following the transition the Board will look at how this might be achieved including the option of him becoming a Non-Executive Director of Watkin Jones.

After 15 years at the helm, the Board understands Mark’s desire to relinquish the Chief Executive Officer position and the associated demands of this role.  Mark has played a pivotal part in shaping the Watkin Jones strategy and success.  Under Mark’s leadership, Watkin Jones has gone through a transformational period, a key part of which has been the establishment and development of a strong senior management team who have increasingly taken on the day to day responsibility for the running of the business and who are capable of supporting the Group’s long-term growth aspirations.  The Board will be seeking a successor to Mark who can build on this platform and maintain the Group’s track record of profitable, cash generative growth.

The Board would like to thank Mark for his enormous contribution and is also delighted that he has indicated a willingness to continue to support his successor and the business going forward.

Why Now?

Watkin Jones have delivered another impressive set of results demonstrating our ability to continue the strong momentum established during our first year on the AIM market. Mark believes that Watkin Jones is in the strongest position that it has ever been in, with an extremely capable management team committed to the future success of the business.

Making this change now allows Mark’s successor a great opportunity to have time to really get to know the Company, for the benefit of the business in the longer term.

Commitment

Mark is, and will be, fully committed to the Company and its success during the search process to identify a new Chief Executive and for a measured and necessary transition period post appointment.

Why Announce Now?

Watkin Jones have excellent visibility on our revenues and earnings and it is a good and sensible time to be dealing with succession. Succession needs to be dealt with and we pride ourselves on being open and transparent with our shareholders and colleagues and Mark believes that our transparency puts us in a position of strength.  By being open it allows us to seek the most appropriate successor and keeps our shareholders and colleagues fully informed of what is happening in the business.

Midland Road, Bath food bank donation

A fantastic well done to the Russell Franklin, Mike Skinner & the team at Midland Road, Bath for the outstanding donation to the Bath Food Bank. Peter Cottell came along to Midland Road to receive the donation. The food bank helps families in crisis, whether that be a family awaiting a benefit claim, or sickness befalling the main money earner, or a bereavement within a family.

We would like to say a massive ‘Thank You’ to our sub-contractors who very generously donated to this worthwhile cause – Thanks to Hazelwood Carpentry, Stephensons Construction (Southern) Ltd and J H Shouksmiths & Sons Ltd.

#Teamwork

Shoe Box Appeal

A terrific effort from Karen Jackson-John and the team at Bridge St.  25 boxes were filled, wrapped & distributed to local charities for the homeless.

The charities  involved were The Wallich, Emmaus Housing Shelter & Woman’s Refuge and will distribute the boxes from Cardiff to Swansea and surrounding towns. Special thanks to our sub contractors – ISTL, 4D, Roofbond, Glass Facades and WK for their generous donations.

Excellent collaboration & teamwork from all involved.

Thank you from Morecambe Community High School!

Our IT department had a redundant server and tape drive that was pulled out of use earlier on this year, the server was operational however it was beyond its useable life for WJ purposes.

The IT department decided that instead of disposing of the equipment we should offer it out to a school, as its well known that school budgets are always under financial pressure. After posting on a Education IT forum we had numerous responses including from a high school in Morecambe. The IT team liaised with the schools Network Manager and agreed to meet him out of hours to facilitate the collection as he couldn’t get to our offices in normal office hours.

Please see their response below . . .

‘I’d like to thank yourself and the company for the donation of the tape drive and server, it is most appreciated!  We will be using the server to run a new Help Desk, as well as a test machine for virtual servers and prepping our new client image.  The tape drive will also be a help for our archiving of data as we can now use tapes twice the size we used to.

Thanks once again and as a note for future, any old equipment will be appreciated greatly by somebody somewhere, especially in the education sector’

What a fantastic way to recycle our old equipment!

Planning approved for Liverpool Road, Chester!

We are delighted to announce we have received planning permission for a Student Accommodation scheme comprising 323 units, to replace the stagecoach bus depot on Liverpool Road in Chester.

Midland Road,Bath . . . First update

Currently works up to ground floor and RC part slab level 2 complete.

Well done to Russell Franklin and the team at Midland Road, Bath after a two week delay & time loss to programme caused by two complicated 6 meter deep culvert diversions /sewer connections across the site, the team are back on track, great effort by everyone. Keep up the good work

#teamwork

Considerate Constructors – Double success for South Wales and South West Division!

We would like to congratulate the teams in the South Wales and South West Division.

Midland Road, Bath

The team  have achieved a score of 39 which is brilliant – Exceptional for their first Considerate Constructors Scheme visit!

The score reflects beyond compliance result with a fantastic ‘9 – Exceptional’ for Respect in the Community.

Bridge Street, Cardiff

The team at have received an additional 2 points for their second Considerate Constructors Scheme visit, as well as achieving Performance Beyond Compliance!

Amazing results! Well done to all involved on these developments!