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FRAIN FAMILY: Wrekin Construction Owners 1960 -
2007
When Tom Frain founded Wrekin Construction he named it after Shropshire’s
most famous hill and landmark – The Wrekin.
Wrekin was recognised by the industry for its pioneering change, combining
changing methods and technology with traditional values, business integrity and
skills development for over fifty years.
Tom Frain believed quality was the key to success and as such maintained a
direct labour workforce and as such was responsible for its taxation, National
Insurance, health & safety and training etc., which all added to costs. This
meant Wrekin Construction was always at a disadvantage when quoting for
contracts compared to other companies which used sub-contractors.
During the decade 2000 to 2010 Wrekin Construction had been through peaks
and troughs as the construction industry began to slow down.
Family Shareholding in Wreking Construction Pre-Unwin
Tom Frain: 10%
Frain children (3, 20% each) 60%
Non family directors 10%
In 2001, the company made a loss of £880,000 but turned the business around in
a dramatic reversal of fortunes.
By June 2003, it unveiled profits of more than £2 million, with turnover up 27
per cent to smash the £100 million barrier.