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10/11/2009

Willmott Dixon Group Reshapes Structure

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Willmott Dixon has unveiled plans to reshape its Group structure and simplify its trading brands, as part of a strategy aimed at delivering a better integrated, more flexible service across all its market sectors.

The move is a natural progression following the re-acquisition of Inspace in 2008, which re-introduced social and affordable housing, interior fit-out and maintenance capabilities alongside Willmott Dixon’s major contracting and PFI investment activities.

The new structure, which goes live in January 2010, will see the Group operate through three trading businesses - Willmott Dixon Capital Works, Willmott Dixon Regeneration and Willmott Dixon Support Services. Each will report to the parent company Willmott Dixon Holdings.

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Willmott Dixon Capital Works, led by Business CEO John Frankiewicz, will undertake all the Group's contracting operations through its well established trading subsidiaries - Willmott Dixon Construction, Willmott Dixon Interiors and a re-branded Willmott Dixon Housing (currently trading as Inspace Partnerships Regeneration and New Homes).

As a consequence of the re-structuring, the Group is intending to wind down the generic nationwide maintenance service delivered through Willmott Dixon Sustain. As a result, and where it is appropriate to do so, resource will be reallocated into bespoke local teams providing an ongoing service for current and future public sector clients. This change is not expected to adversely impact either Group turnover or profit in the future.

(CD/GK)

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