Appointment of Ian Dickinson to newly-created role of Managing Director
CWC Group has appointed Ian Dickinson to the newly-created role of Managing Director.
Ian, who has worked at CWC since 2007, most recently as finance director, has a wealth of experience in senior management roles. Since 2015 Ian has taken on a broader leadership role within the business during a period of significant growth and development.
The group recorded a turnover of £104.9 million and an operating profit of £32.4 million for the financial year 2017-18. This was up from a turnover of £93.2 million and profit of £30.4 million in the 2016-17 financial year.
Overall, turnover and profitability at the company, one of the UK’s largest privately owned property groups, has more than doubled over the past five years.
Managing Director of the CWC Group, Ian Dickinson, said: “I am very proud to become the new Managing Director of the business at this very exciting time in its history. As the CWC Group gears up for an exciting future with an extensive pipeline of work covering the next 10-15 years, my focus is on realising value from our existing and new developments while working together with my fellow directors to move the company forwards.
“We have already reported record turnover and profitability in the last financial year and while it is always better to look at long term trends, which are highly favourable for the group and its future development pipeline, we will continue to invest wisely. Our priority remains investing where we feel our intervention can make a real difference.”
Chairman of the CWC Group, David Clowes, said: “Now was the right time to promote Ian, who commenced his new role on 1 March, as our first dedicated Managing Director. He has had a hugely positive impact on the business over the past decade especially over the past five years, a period in which we more than doubled our turnover and profitability.
“One of the unique aspects of our company is the hugely talented and experienced senior team, now led by Ian, and we will continue to look for the very best talent to fill roles within the business as we move forward.”
The company recently moved to new offices at Ednaston, Derbyshire, following a multi-million pound investment. CWC 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.
The group continues to deliver a number of substantial development deals and it has a healthy pipeline of projects. One of the most significant is the Fairham site south of Nottingham where Rushcliffe Borough Council gave the green light early in 2018 for a £750 million development of up to 3,000 new homes and 1 million sq ft of commercial space capable of creating 2,500 new jobs. This flagship regional development will bring much-needed employment and housing opportunities to the East Midlands.
Founded by Charles Clowes in 1964, the CWC Group has flourished over the decades to become one of the largest privately owned property companies in the UK. As an experienced developer, landowner and landlord, CWC has real depth of experience across the full spectrum of real estate activity. CWC has a world-class portfolio of developments in the commercial, residential, leisure, industrial and mixed use sectors across the UK, from Scotland to London and the South East.