Page 5 - Fake Ruby CS
P. 5

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.
   1   2   3   4   5   6   7   8   9   10