Affordable housing and maintenance contractor Wates Living Space (WLS) has restructured the business to support its “ambitious” growth plans over the next four years.
The new structure came into effect from 1 September, with two separate divisions operating under the Wates Living Space brand. Both divisions have their own dedicated management teams that will focus their efforts on growing each business.
The Homes division is led by managing director, Jo Jamieson, who will be accountable for the division’s new build and partnership housing activities across all regions and will report to WLS’s Managing Director, Andy Hobart.
She assumed this new role following her previous appointment as regional managing director of WLS’s new build activities in the East.
Hobart, meanwhile, will continue to oversee the Maintenance division, supported by regional managing directors, David Morgan in the South and Steve Jackson in the Midlands and North.
“[This] brings us even closer to becoming the UK’s leading affordable housing and maintenance contractor,” said Hobart. “The clear separation of our Maintenance and Homes divisions under the Wates Living Space brand gives us a strong foundation on which to seize emerging business opportunities and to make our ambitious growth goals a reality.
“This is an exciting time for the business and we look forward to working alongside our local authority and housing association partners to continue driving excellent service and providing a market leading offer across both our Homes and Maintenance divisions.”
The company said its restructure “reaffirms Wates Living Space’s long-term commitment to deliver more and better homes across the UK, helping to tackle the nation’s urgent need for housing”.
In support of this aim, the business plans to grow both divisions to create a sustainable £500 million Maintenance division and a £250 million Homes division.
The two divisions will offer WLS’s housing association and local authority clients a full range of services; Maintenance will offer planned and responsive maintenance programmes, void and energy services, while Homes will provide contracting and development services.
In 2014, WLS reported a turnover of £391 million, and this performance has been further supported by a number of strategic acquisitions in recent years, the company said. This includes the integration of Linbrook Services into South Maintenance in 2011 and the more recent acquisition of G Purchase in 2014, expanding WLS’s national offer to customers and growing its responsive maintenance capability in the Midlands and North.